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Vizio's Stock Jumps 28% on Strong Earnings Report

TheMotleyFool

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Vizio's Stock Jumps 28% on Strong Earnings Report: https://g.foolcdn.com/editorial/images/754735/person-turning-on-tv.jpg

Shares of TV maker Vizio (NYSE: VZIO) jumped as much as 28% in trading on Friday after the company reported third-quarter 2023 financial results. Shares closed the day up 26%.

Revenue was down from $435 million a year ago to $426.2 million in the quarter, but Platform+ revenue jumped 22% to $156.2 million. Net income was also up 590% to $13.8 million, or $0.07 per share.

Analysts were expecting revenue of $425.6 million and earnings of $0.02 per share, so results zoomed past that.

Source Fool.com

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