By Kuldip K. Ambastha
The stock of VIZIO Holding Corp. (VZIO), a company involved in designing and manufacturing consumer electronics, had a +18.1% per share rise in price on Thursday, August 11, 2022. For 2Q2022, the company’s sales did not match or exceed Wall Street equity research analyst expectations. However, the company also delivered a profit, linked mostly to cost-cutting measures. VIZIO’s Platform+ offering seems to have a bright future, and the company has been added to the Russell 3000 Index. VIZIO’s 2Q2022 earnings per share figure was $0.01.
Keywords – VIZIO Holding Corp., VIZIO Holding, VIZIO, VZIO, Platform+, Russell 3000 Index, designing, manufacturing, consumer electronics, sales, profits, costs, earnings per share, EPS, Wall Street, equity research, analyst expectations.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in VZIO.
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