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

Immersion

14/08/2023 13:00

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
28 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
14 cents per share.
    * Revenue fell 12.5% to $6.98 million from a year ago;
analysts
expected $7.76 million. 
    * Immersion Corp's reported EPS for the quarter was 21
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 1.8% this quarter and
gained 0.2% so far this year.
    * The company reported quarterly net income of $7.03
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 LSEG Refinitiv data
August 14 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.14           0.28           Beat
 Mar. 31 2023      0.14           0.33           Beat
 Dec. 31 2022      0.14           0.45           Beat
 Sep. 30 2022      0.16           0.28           Beat