Stock Track | BYD Stock Plunges 5% Despite Higher Q3 Profit on Earnings Disappointment

Stock Track

Oct 31, 2024

Shares of Chinese electric vehicle maker BYD Company plummeted as much as 5.42% on October 31st after the company reported its third-quarter earnings results, which fell short of market expectations.

BYD announced a net profit of 11.61 billion yuan ($1.62 billion) for the July-September quarter, representing an 11% year-over-year increase. However, this failed to impress investors, who had higher expectations for the company's performance.

The earnings disappointment triggered a broad sell-off in BYD's shares, which closed 3% lower in both Hong Kong and Shanghai trading on the day the results were released. The stock continued its decline on the following day, slumping a further 5.42% in the first hour of trading on October 31st.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1164543213"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1164543213\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1164543213?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 12:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1164543213","market":"us","top_or_hot":-1,"title":"Stock Track | BYD Stock Plunges 5% Despite Higher Q3 Profit on Earnings Disappointment","media":"Stock Track","content":"<p>Shares of Chinese electric vehicle maker BYD Company plummeted as much as 5.42% on October 31st after the company reported its third-quarter earnings results, which fell short of market expectations.</p>\n\n<p>BYD announced a net profit of 11.61 billion yuan ($1.62 billion) for the July-September quarter, representing an 11% year-over-year increase. However, this failed to impress investors, who had higher expectations for the company's performance.</p>\n\n<p>The earnings disappointment triggered a broad sell-off in BYD's shares, which closed 3% lower in both Hong Kong and Shanghai trading on the day the results were released. The stock continued its decline on the following day, slumping a further 5.42% in the first hour of trading on October 31st.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | BYD Stock Plunges 5% Despite Higher Q3 Profit on Earnings Disappointment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | BYD Stock Plunges 5% Despite Higher Q3 Profit on Earnings Disappointment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-31 12:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Chinese electric vehicle maker BYD Company plummeted as much as 5.42% on October 31st after the company reported its third-quarter earnings results, which fell short of market expectations.</p>\n\n<p>BYD announced a net profit of 11.61 billion yuan ($1.62 billion) for the July-September quarter, representing an 11% year-over-year increase. However, this failed to impress investors, who had higher expectations for the company's performance.</p>\n\n<p>The earnings disappointment triggered a broad sell-off in BYD's shares, which closed 3% lower in both Hong Kong and Shanghai trading on the day the results were released. The stock continued its decline on the following day, slumping a further 5.42% in the first hour of trading on October 31st.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01211","symbol_name":"比亚迪股份","start_time":0,"source_url":"","article_id":"1164543213","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164543213","pubTimestamp":1730349779,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese electric vehicle maker BYD Company plummeted as much as 5.42% on October 31st after the company reported its third-quarter earnings results, which fell short of market expectations.BYD announced a net profit of 11.61 billion yuan  for the July-September quarter, representing an 11% year-over-year increase. However, this failed to impress investors, who had higher expectations for the company's performance.The earnings disappointment triggered a broad sell-off in BYD's shares, w","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01211":"比亚迪股份"},"translate_title":"尽管第三季度利润因盈利令人失望而增加，但比亚迪股价仍暴跌5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01211":1},"content_text":"Shares of Chinese electric vehicle maker BYD Company plummeted as much as 5.42% on October 31st after the company reported its third-quarter earnings results, which fell short of market expectations.\nBYD announced a net profit of 11.61 billion yuan ($1.62 billion) for the July-September quarter, representing an 11% year-over-year increase. However, this failed to impress investors, who had higher expectations for the company's performance.\nThe earnings disappointment triggered a broad sell-off in BYD's shares, which closed 3% lower in both Hong Kong and Shanghai trading on the day the results were released. The stock continued its decline on the following day, slumping a further 5.42% in the first hour of trading on October 31st.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}