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-0.000859598853868024 -0.000573065902578683 -0.000573065902578683 -0.00114613180515757 0 0.00114613180515777 0.00114613180515777 0.00114613180515777
Stock impact report

This Stock Defied A Down Week For Smart Home Stocks [Investor's Business Daily]

Vivint Smart Home, Inc. (VVNT) 
Related news While most smart home stocks dropped after their June-quarter earnings reports this week, Vivint Smart Home ( VVNT ) perked up. VVNT stock rose Friday after the company delivered a better-than-expected second-quarter report. The Provo, Utah-based company lost 47 cents a share on sales of $306 million in the second quarter. Analysts expected Vivint Smart Home to lose 56 cents a share on sales of $306 million. In the year-earlier period, it lost 75 cents a share on sales of $281 million. "Revenue and total subscribers continue to grow at a steady pace, reflecting healthy demand for our smart home products and services, while adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins continue to expand meaningfully," Chief Executive Todd Pedersen said in a news release late Thursday. Vivint sells home security and home automation products and services. Vivint Smart Home now expects to be cash flow positive this year, a year earlier than projecte Show less Read more
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