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Why National Vision Holdings Stock Popped 15% Today

TheMotleyFool

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Why National Vision Holdings Stock Popped 15% TodayPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

Eyeglasses and contact lens retailer National Vision Holdings (NASDAQ: EYE) reported its Q3 2019 earnings this morning, beating estimates soundly and sending its stock up 15.1% as of 11:20 a.m. EST on Thursday.

Heading into earnings, analysts had predicted National Vision would report $0.12 per share in adjusted (i.e., pro forma) profit on $427.7 million in sales, but it beat those estimates handily. Earnings came in 50% higher than expected at $0.18 per share on sales of $431.9 million, a beat on both the top and bottom lines.

Image source: Getty Images.

Source Fool.com

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