LB Select
2024.05.09 02:47

Overnight surged by 9%! Vistra's first-quarter report exceeded expectations

Overnight, Vistra's stock price rose by 9%, and it also increased by nearly 1% after hours.

The latest quarterly report shows that as of the first quarter ending March 31, 2024, Vistra incurred a loss of $35 million, compared to a profit of $699 million in the same period last year, turning from profit to loss; total revenue was $3.054 billion, a decrease of 30.98% year-on-year, but exceeding Wall Street's expected $2.92 billion.

Vistra also expects adjusted EBITDA for 2024 to be between $4.55 billion and $5.05 billion