Intevac jumps after smaller-than-expected Q2 loss

Intevac

03/08/2023 18:03

** Shares of Intevac Inc  IVAC.O  jump 12% to $3.92 in
afternoon trading 
    ** Co, which produces equipment for making hard disk drives,
reported smaller-than-expected non-GAAP net loss per share of 19
cents on Wednesday
    ** Analysts on average had expected a loss of 21 cents -
Refinitiv
    ** YTD, shares of IVAC are down ~39.4%
    

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))