Why Vuzix Stock Skyrocketed Today

·2 min read
Why Vuzix Stock Skyrocketed Today

Shares of Vuzix (NASDAQ: VUZI), a smart-glasses and augmented reality company, soared today after the company reported its second-quarter financial results. While the company's bottom line missed Wall Street's expectations, Vuzix's revenue outpaced analysts' consensus estimate in the quarter. Vuzix reported a second-quarter non-GAAP (adjusted) loss of $0.16 per share, down from a loss of $0.15 in the year-ago quarter and missing Wall Street's average estimate of a loss of $0.15.