
MicroVision, Inc. (NASDAQ:MVIS) shares were trading nearly 10% lower today after the company reported worse-than-expected first-quarter EPS and sales results. Shares actually parred those losses as the session went on and closed the day up 2 cents.
MicroVision reported quarterly losses of 8 cents per share which missed the analyst consensus estimate of a loss of 7 cents. The company reported quarterly sales of $400,000 which missed the analyst consensus estimate of $720,000. This sales figure represents a 16.49% decrease over sales of $479,000 in the same period last year.