Smart-TV maker Vizio reported second-quarter revenue above Wall Street forecasts, but challenges on the hardware side kept the bottom line from meeting expectations.Revenue of $401.2 million was up only 2% but ahead of analysts’ consensus outlook for $385.9 million.
Net losses of 14 million in the period were a bit worse than expected and compared with income of $17.3 million a year ago. Adjusted EBITDA, a different measure of profitability favored by media companies, increased 7% to $26.5 million.The company, which went public in March, is gunning for the streaming marketplace and results for the quarter were encouraging in that area.
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