National Vision Holdings, Inc. (EYE) has reported a larger loss in the fourth quarter compared to the same period the previous year, but still managed to surpass estimates from Wall Street. The company's net loss amounted to $15.987 million or a loss of $0.20 per share, compared to a loss of $9.261 million or $0.12 per share in the fourth quarter of the previous year.
When excluding special factors, National Vision Holdings, Inc. posted an adjusted loss of $0.02 per share for the period. According to data compiled by Thomson Reuters, analysts, on average, predicted the company to post a loss of $0.09 per share. The analysts' predictions generally do not account for unique items.
The quarter's revenue notably increased by 8.0% to $506.403 million from $468.931 million during the same timeframe last year. A brief look at the company's generally accepted accounting principles (GAAP) earning reveals that the loss for the fourth quarter was $15.987 million as opposed to a loss of $9.261 million last year. While not favorable, the loss per share (EPS) for the fourth quarter was a less daunting -$0.20 compared to -$0.12 in the previous year. The analyst estimate was a -$0.09 loss. The Quarter's revenue was $506.403 million, noticeably up from last year's $468.931 million.
