Vuzix Corporation (NASDAQ:VUZI) Issues Earnings Results

Vuzix Corporation (NASDAQ:VUZI) released its earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.01, Bloomberg Earnings reports. The firm had revenue of $1.33 million during the quarter. Vuzix Corporation had a negative net margin of 660.74% and a negative return on equity of 151.81%. Vuzix Corporation updated its Q2 guidance to ($0.22) EPS.

Shares of Vuzix Corporation (NASDAQ VUZI) traded down 4.27% on Thursday, hitting $5.60. 315,614 shares of the stock traded hands. Vuzix Corporation has a one year low of $5.00 and a one year high of $9.80. The stock’s market cap is $114.28 million. The company’s 50 day moving average is $6.31 and its 200 day moving average is $6.16.

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VUZI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Thursday, July 13th. Maxim Group set a $11.00 price objective on shares of Vuzix Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th.

Earnings History for Vuzix Corporation (NASDAQ:VUZI)

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