Microvision: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Microvision (NASDAQ:MVIS) reported its Q3 earnings, missing estimated earnings by 33.33% with an EPS of $-0.12 versus an estimate of $-0.09. However, revenue was up $1.05 million from the same period last year. Last quarter, a miss on EPS led to a 10.33% drop in the share price the next day.
November 08, 2023 | 9:45 pm
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Microvision's Q3 earnings missed estimates, which could potentially lead to a drop in share price, similar to the last quarter.
Microvision's earnings miss is a negative signal to investors, which could lead to a sell-off. This is supported by the fact that a similar earnings miss last quarter led to a 10.33% drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100