Recap: Microvision Q4 Earnings
Portfolio Pulse from Benzinga Insights
Microvision (NASDAQ:MVIS) reported its Q4 earnings on February 28, 2024, missing estimated earnings by -11.0% with an EPS of $-0.1 versus an estimate of $-0.09. Revenue increased by $5.10 million from the same period last year. Following a similar miss last quarter, the share price dropped by 6.0% the next day.
February 28, 2024 | 9:05 pm
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Microvision reported Q4 earnings with an EPS of $-0.1, missing estimates by -11.0%, but saw a revenue increase of $5.10 million from the previous year.
Microvision's earnings miss is likely to negatively impact its stock price in the short term, as historical data shows a 6.0% drop in share price following last quarter's earnings miss. The revenue increase may not fully mitigate the negative sentiment.
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IMPORTANCE 90
RELEVANCE 100