Microvision Q1 2024 GAAP EPS $(0.13) Misses $(0.11) Estimate, Sales $956.000K Beat $750.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
Microvision (NASDAQ:MVIS) reported Q1 2024 earnings with a GAAP EPS of $(0.13), missing the $(0.11) estimate, and sales of $956K, beating the $750K estimate. This represents an 18.18% decrease in EPS and a 22.25% increase in sales year-over-year.
May 09, 2024 | 9:01 pm
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Microvision reported a Q1 2024 GAAP EPS of $(0.13), missing estimates, but sales of $956K exceeded expectations, indicating mixed financial performance.
The miss in EPS may concern investors about profitability, while the beat in sales could indicate strong demand for Microvision's products. The mixed results create uncertainty, leading to a neutral short-term impact on the stock price.
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