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

Immersion

17/08/2021 06:31

* Immersion Corp  IMMR.OQ  reported quarterly adjusted earnings
of 23 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
17 cents per share.
* Revenue rose 94.2% to $11.01 million from a year ago; 
analysts expected $9.38 million. 
* Immersion Corp's reported EPS for the quarter was 17 cents​.
* The mean earnings estimate of analysts had risen by
about 43.5% 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 17.4% this quarter and
lost 35.9% so far this year.
* The company reported quarterly net income of $5.34 million.
* Wall Street's median 12-month price target for Immersion Corp
is $13.50 
* The current average analyst rating on the shares is "strong
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 August 17 at 05:31 a.m.  ​All
figures in US dollars unless otherwise stated