Investing.com - Microvast Holdings reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Microvast Holdings announced earnings per share of $-0.06 on revenue of $38.62M. Analysts polled by Investing.com EPS of $-0.16 on revenue of $43.7M.
Microvast Holdings 's are down 53.92% and is trading at $2.44 , still down 75.84% from its 52 week high of $10.10 set on Monday, November 15, 2021.
Microvast Holdings follows other major Industrials sector earnings this month
Microvast Holdings's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, for EPS of $2.16 on revenue of $8.99B.
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