Vuzix Q2 2024 GAAP EPS $(0.62) Misses $(0.10) Estimate, Sales $1.09M Miss $2.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vuzix (NASDAQ:VUZI) reported Q2 2024 GAAP EPS of $(0.62), significantly missing the $(0.10) estimate. Sales were $1.09M, missing the $2.55M estimate and down 76.72% from $4.69M last year.
August 14, 2024 | 8:21 pm
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NEGATIVE IMPACT
Vuzix reported Q2 2024 GAAP EPS of $(0.62), missing the $(0.10) estimate by 520%. Sales were $1.09M, missing the $2.55M estimate and down 76.72% YoY.
Vuzix's significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100