Microvast Holdings, Inc. (NASDAQ: MVST) has seen a decline in its shares following the release of its third-quarter earnings report. The company reported adjusted earnings per share of 4 cents, falling short of the analyst estimate of 5 cents. However, Microvast exceeded sales expectations, bringing in $123.29 million compared to the estimated $120.02 million, marking a new quarterly record. The stock is currently down approximately 8% due to the earnings miss. Looking ahead to 2025, Microvast has reaffirmed its target revenue growth of 18% to 25% year-over-year and revenue guidance ranging between $450 million and $475 million. This information is available on Benzinga.com.