Recap: VIZIO Holding Q3 Earnings
Portfolio Pulse from Benzinga Insights
VIZIO Holding (NYSE:VZIO) reported its Q3 earnings, beating estimated earnings by 600.0% with an EPS of $0.07 versus an estimate of $0.01. However, revenue was down $8.80 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 11.95% drop in the share price the next day.
November 09, 2023 | 9:26 pm
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VIZIO's Q3 earnings beat estimates significantly, but revenue was down from last year. Previous earnings beat was followed by a share price drop.
While VIZIO's significant beat on earnings estimates is a positive sign, the decrease in revenue compared to last year is a concern. Additionally, the previous quarter's earnings beat was followed by a drop in share price, indicating that investors may not react positively to the earnings beat. Therefore, the short-term impact on the stock is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100