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Why Vuzix Stock Skyrocketed Today

TheMotleyFool

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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.

The tech stock had jumped 21.8% as of 11:54 a.m. ET.

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.

Source Fool.com

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