Immersion Corp reports results for the quarter ended in December - Earnings Summary

Immersion

22/02/2023 15:00

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
14 cents per share.
    * Revenue fell 6% to $9.16 million from a year ago; analysts
expected $8.23 million. 
    * Immersion Corp's reported EPS for the quarter was 60
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Immersion Corp shares had fallen by 3.1% this quarter.
    * The company reported quarterly net income of $19.7
million.
    * Wall Street's median 12-month price target for Immersion
Corp is
$10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 03:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.14           0.45           Beat
 Sep. 30 2022      0.16           0.28           Beat
 Jun. 30 2022      0.17           -0.03          Missed