TECH - BYD Beats Q3 Analyst Expectations; HSBC Cuts Price Target But Cites Continued Growth | Benzinga
BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) reported earnings for Q3 2023 after the bell in Hong Kong that beat analyst expectations by a wide margin.
The company said that for Q3 it made 162 billion RMB ($22.1 billion) in sales, a 38.49% improvement on the same period a year ago and earned net profit of 9.7 billion RMB, up 81% over the past year. During the first 9 months of the year, the company has made 422.3 billion RMB in sales and 19.3 billion RMB in net profits, up 57.8% and 131% over the same year-ago period, respectively.
The company’s earnings were in line with guidance issued by the company last week, which said it would make ...