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

Immersion

14/11/2022 22:03

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
28 cents​​ per share for the quarter ended in September. The
lone analyst forecast for the quarter was for earnings of 16
cents per share.
    * Revenue rose 95.3% to $14.01 million from a year ago;
analysts
expected $8.50 million. 
    * Immersion Corp's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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 risen by 0.4% this quarter and
lost 3.5% so far this year.
    * The company reported quarterly net income of $7.71
million.
    * Wall Street's median 12-month price target for Immersion
Corp is
$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
14 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.16           0.28           Beat
 Jun. 30 2022      0.17           -0.03          Missed
 Dec. 31 2021      0.15           0.17           Beat