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Here’s Why VZIO Stock Surged 15% on August 11

VIZIO Holdings (VZIO) recently reported earnings for its second quarter of Fiscal Year 2022. Adjusted earnings per share came in at $0.01, which beat analysts’ consensus estimate of -$0.01. As a result, shares were up over 15% as of this writing on August 11. In the past eight quarters, VZIO has beat estimates four times.

In addition, sales increased 2% year-over-year, with revenue hitting $408.9 million compared to $401.1 million. The increase in revenue can be attributed to the strong growth of VIZIO’s Platform business, which grew 69% compared to last year.

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