VIZIO Holding Q1 2024 Adj EPS $(0.06) , Sales $353.900M Miss $375.144M Estimate
Portfolio Pulse from Benzinga Newsdesk
VIZIO Holding reported its Q1 2024 adjusted EPS at $(0.06), with sales of $353.900M, missing the estimated sales of $375.144M.
May 08, 2024 | 8:13 pm
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NEGATIVE IMPACT
VIZIO Holding reported lower than expected Q1 2024 sales and an adjusted EPS of $(0.06), missing the sales estimate.
Missing sales estimates typically leads to negative investor sentiment, potentially causing a short-term decline in stock price. The reported loss per share further compounds the negative outlook for VIZIO in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100