Vuzix Q1 2024 GAAP EPS $(0.16) Misses $(0.14) Estimate, Sales $2.004M Miss $2.417M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vuzix reported Q1 2024 earnings with a GAAP EPS of $(0.16), missing the $(0.14) estimate, and sales of $2.004M, below the $2.417M estimate. This represents a 52.18% decrease in sales compared to the same period last year.
May 09, 2024 | 8:06 pm
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NEGATIVE IMPACT
Vuzix missed Q1 2024 earnings and sales estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and Vuzix's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100