Vuzix Q2 EPS $(0.14) Beats $(0.17) Estimate, Sales $4.69M Beat $4.27M Estimate
Portfolio Pulse from Happy Mohamed
Vuzix reported Q2 earnings per share of $(0.14), beating the analyst consensus estimate of $(0.17) by 17.65%. This is a 12.5% increase over losses from the same period last year. The company also reported quarterly sales of $4.69 million, beating the analyst consensus estimate of $4.27 million by 9.86%. This is a 55.95% increase over sales from the same period last year.
August 08, 2023 | 8:04 pm
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Vuzix's Q2 earnings beat estimates, with a 12.5% YoY increase in EPS and a 55.95% YoY increase in sales.
Vuzix's Q2 earnings beat estimates, which is generally seen as a positive sign by investors. The YoY increases in both EPS and sales suggest that the company's financial performance is improving, which could lead to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100