MicroVision Inc reports results for the quarter ended in March - Earnings Summary
10/05/2024 01:10
* MicroVision Inc MVIS.OQ reported a quarterly adjusted
loss
of 13 cents per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -11 cents. The mean expectation of two analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -13 cents to -10 cents per share.
* Revenue rose 22.3% to $956.00 thousand from a year ago;
analysts
expected $750.00 thousand.
* MicroVision Inc's reported EPS for the quarter was a loss
of 13
cents.
* The company reported a quarterly loss of $26.31 million.
* MicroVision Inc shares had fallen by 12.0% this
quarter and
lost 39.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 27.8%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for MicroVision Inc
is $3.00
This summary was machine generated from LSEG data May 10 at
12:09 a.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.11 -0.13 Missed
Dec. 31 2023 -0.09 -0.10 Missed
Sep. 30 2023 -0.09 -0.10 Missed
Jun. 30 2023 -0.10 -0.09 Beat