Microvision Q2 EPS $(0.12) Misses $(0.10) Estimate, Sales $329.00K Miss $800.00K Estimate
Portfolio Pulse from Happy Mohamed
Microvision reported Q2 losses of $(0.12) per share, missing the analyst consensus estimate of $(0.10) by 20 percent. This is a 50 percent decrease over losses from the same period last year. The company also reported quarterly sales of $329.00 thousand, missing the analyst consensus estimate of $800.00 thousand by 58.88 percent. However, this is a 4.78 percent increase over sales from the same period last year.
August 08, 2023 | 8:03 pm
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NEGATIVE IMPACT
Microvision's Q2 earnings missed estimates, with a 20% greater loss per share than expected and sales falling short by 58.88%. This could negatively impact the company's stock in the short term.
Microvision's Q2 earnings fell short of analyst estimates, both in terms of EPS and sales. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100