Sarah Patel's Avatar
published in Blogs
Apr 30, 2021
MicroVision (MVIS, $14.64) shares plunge, on wider-than-expected loss

MicroVision (MVIS, $14.64) shares plunge, on wider-than-expected loss

MicroVision   shares fell more than -20% in premarket trading on Friday, after the laser-scanning technology company posted a steeper-than-expected quarterly loss. The company incurred a loss of -4 cents a share in the first quarter, compared to a loss of -3 cents a share anticipated by analysts poled by FactSet.

Sales fell to $500,000 from $1.5 million a year ago. Analysts surveyed by FactSet expected the company to report sales of $600,000.

MicroVision stock has been popular in Reddit trader forum WallStreetBets . On Thursday, it was the seventh most traded U.S. stock among customers on Fidelity's brokerage platform.

Related Tickers: MVIS