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Stock impact report

BYD's Earnings Miss Triggers Worst Stock Selloff in Two Months [Yahoo! Finance]

Li Auto Inc. - American Depositary Shares (LI) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- In China's highly competitive electric vehicle market, even a small earnings miss is conspicuous news as BYD found out Wednesday. Most Read from Bloomberg Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People Biden Gains Ground Against Trump in Six Key States, Poll Shows Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Vital Baltimore Bridge Collapses After Being Struck by Ship After Exposing Realtors, Eliminate the Mortgage Interest Deduction It missed 2023 earnings estimate by less than a 1 billion yuan ($138 million), raising questions over whether China's largest EV maker can sustain strong profit growth while fending off an intense price war. Its stock fell even though it almost tripled the final dividend payout. BYD shares declined as much as 4.7% in Hong Kong, the most in nearly two months, after the earnings report. The lackluster performance stands in contrast to the immediate surge in the shares of its Show less Read more
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