BYD shares slip as Tesla rival says profits surge but lag estimates

BYD shares slumped 4% in Hong Kong on Tuesday, as the electric car maker said its earnings for the year would surge but lag analyst estimates. BYD 1211, -4.41% said its earnings would rise between 74% and 86% above last year’s 16.62 billion renminbi. But the top end of that guidance range, 31 billion renminbi ($4.4 billion), lagged the Visible Alpha-compiled analyst estimate of 31.23 billion renminbi. BYD did not provide any revenue figures. BYD, in which Warren Buffett’s Berkshire Hathaway BRK.B, -0.58% ...