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

Immersion

08/03/2024 24:05

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of two analysts for the
quarter was for earnings of 16 cents per share. 
    * Revenue rose 13.3% to $10.38 million from a year ago;
analysts
expected $8.22 million. 
    * Immersion Corp's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $15.99
million.
    * Immersion Corp shares had fallen by 5.9% this quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Immersion Corp is
$10.50 
This summary was machine generated from LSEG data March 8 at
12:05 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.16           0.52           Beat
 Sep. 30 2023      0.33           0.12           Missed
 Jun. 30 2023      0.14           0.28           Beat
 Mar. 31 2023      0.14           0.33           Beat