BYD Q3 net profit falls 32.6% to $1 billion, misses expectations

BYD reported a sharp drop in earnings for the third quarter after facing heavy price competition and weaker demand in China. The company said net profit for the period came in at 7. 82 billion yuan, or $1. 10 billion, which is down 33% from the same quarter last year. Analysts had been expecting 9. 02 billion yuan, […] source: https://www.cryptopolitan.com/byd-q3-net-profit-falls-32-6-to-1-billion-misses-expectations/