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Why Microvision Stock Skyrocketed Today


Shares of Microvision (NASDAQ: MVIS) were soaring today after the company released its second-quarter results late yesterday. 

The tech stock jumped by as much as 24% today and was up by 17.4% as of 12:25 a.m. EDT. 

The company reported quarterly revenue of $0.75 million, an increase of 27% from the year-ago quarter and slightly higher than Wall Street's consensus revenue estimate of $0.7 million. Additionally, the company's adjusted net loss of $0.09 per share met analysts' consensus estimate for the quarter. 

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Source Fool.com

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