Shares of Microvast Holdings, Inc. (NASDAQ:MVST) are falling Tuesday after the lithium ion battery company reported mixed third-quarter earnings.

MVST is taking a hit from negative sentiment. Stay ahead of the curve here.

What To Know: Microvast’s adjusted earnings per share missed analyst estimates of 5 cents, instead coming in at 4 cents. The company brought in $123.29 million in sales, beating the estimate of $120.02 million and setting a new quarterly record.

The stock appears to be moving lower on the earnings miss, last down about 8%, according to Benzinga Pro.

For its 2025 outlook, Microvast affirmed its initial target revenue growth of 18% to 25% year-over-year and revenue guidance of $450 million to $475 million. The company also updated its gross ...