Microvision Q3 EPS $(0.12) Misses $(0.09) Estimate, Sales $1.05M Miss $1.50M Estimate
Portfolio Pulse from saritha@benzinga.com
Microvision reported Q3 losses of $(0.12) per share, missing the analyst consensus estimate of $(0.09) by 33.33%. The company also reported quarterly sales of $1.05 million, missing the analyst consensus estimate of $1.50 million by 30.20%. This represents a 50% decrease in losses from the same period last year.
November 08, 2023 | 9:43 pm
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NEGATIVE IMPACT
Microvision's Q3 earnings missed estimates, with a 33.33% greater loss per share than expected and sales 30.20% below estimates. This could negatively impact the company's stock in the short term.
Microvision's Q3 earnings were below expectations, with both EPS and sales missing estimates. This underperformance could lead to a decrease in the company's stock price in the short term as it indicates potential operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100