What's Going On With VinFast Stock Today?

VinFast Auto Ltd. VFS shares are trading lower Monday. The company recently reported second-quarter earnings.

What To Know: VinFast reported second-quarter financial results last Thursday. The company posted earnings of a loss of 23 cents per share, better than a loss of 25 cents on a year-over-year basis. Revenue totaled $334.1 million and quarterly vehicle deliveries were 9,535 units.

VinFast anticipates vehicle deliveries of between 40,000 and 50,000 vehicles in 2023. The company is on target to begin delivery of the VF 9 in North America and the VF 6 in Vietnam by the end of 2023, while the VF 7 And VF 3 are expected to begin deliveries in 2024.

VFS Price Action: Shares of VFS were down 10.2% at $14.04 at the time of publication, according to Benzinga Pro.

Image by Paul Brennan from Pixabay

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments