Why Shares of MicroVision Tanked This Morning
Shares of MicroVision (NASDAQ: MVIS) were tumbling this morning after the company reported its third-quarter results yesterday. MicroVision's stock fell by as much as 23.1% on Friday morning and was down 18.1% as of 10:35 a.m. EDT.
The laser scanning technology specialist reported an adjusted diluted loss of $0.02 per share, which was in line with Wall Street's consensus estimate. The company's sales of $640,000 outpaced analysts' consensus estimate of $560,000 for the quarter.
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Source Fool.com
