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Why Vuzix Stock Was Tumbling on Tuesday

TheMotleyFool

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Vuzix (NASDAQ: VUZI) took a tumble on Tuesday after the company reported disappointing earnings results. Shares of the augmented reality glasses company were down as much as 18.4% on the news. As of 12:14 p.m. EDT, the stock is down 13.3% for the day.

Vuzix announced its second-quarter 2021 earnings after the close on Monday, Aug. 9. Earnings per share came in at a loss of $0.14, which was worse than the $0.10 loss analysts were expecting. This earnings miss is likely a big reason Vuzix stock was down on Tuesday.

Image source: Getty Images.

Source Fool.com

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