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

Immersion

10/05/2023 14:32

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
14 cents per share.
    * Revenue was $7.07 million​; analysts expected $7.82
million. 
    * Immersion Corp's reported EPS for the quarter was 25
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 19.6% this quarter and
gained 3.6% so far this year.
    * The company reported quarterly net income of $8.28
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 May
10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.14           0.33           Beat
 Dec. 31 2022      0.14           0.45           Beat
 Sep. 30 2022      0.16           0.28           Beat
 Jun. 30 2022      0.17           -0.03          Missed