0626 GMT - BYD Co. is one of the most mentioned companies in the news over the past 12 hours, according to Factiva data, after it issued strong guidance for its third quarter. The electric vehicle maker said late Monday that it forecasts net profit of up to 5.90 billion yuan ($819.9 million) in the third quarter vs. CNY1.27 billion a year earlier. BYD said that despite headwinds from recent economic upheavals to continued pandemic restrictions and high commodity prices, "new energy vehicles" continued their upward momentum, with BYD continuing to increase its market share as its sales reached new records. The company's shares rose by as much as 7.3% in Hong Kong on Tuesday and were last up 6.0%. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)


(END) Dow Jones Newswires

10-18-22 0241ET