Microvast Stock Slides On Q4 Earnings Miss
Microvast Holdings stock is taking a hit today. Why is MVST stock falling?Microvast Q4 Earnings Miss EstimatesMicrovast posted an adjusted fourth-quarter loss of 11 cents per share, missing the analyst consensus estimate for earnings of 2 cents. Revenue came in at $96.4 million, also below expectations of $133.8 million and down about 15% from $113.4 million a year earlier.The company said fourth-quarter revenue was hurt by regulatory shifts in South Korea and delays in customer platform ramp-ups in Europe, ...