Intermolecular (IMI) to Release Earnings on Thursday
Intermolecular (NYSE:IMI) is scheduled to post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Intermolecular to post earnings of ($0.03) per share and revenue of $15.50 million for the quarter. Intermolecular has set its Q3 guidance at ($0.04)-(0.02) EPS.
Intermolecular (NYSE:IMI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $16.60 million for the quarter, compared to the consensus estimate of $16.54 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect Intermolecular to post $-0.01 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
Intermolecular (NYSE:IMI) traded down 2.84% on Wednesday, hitting $6.15. The stock had a trading volume of 97,871 shares. Intermolecular has a one year low of $5.46 and a one year high of $10.69. The stock’s 50-day moving average is $6.02 and its 200-day moving average is $7.93. The company’s market cap is $278.1 million.
On the ratings front, analysts at Needham & Company cut their price target on shares of Intermolecular from $12.00 to $10.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Intermolecular, Inc (NYSE:IMI) is engaged in research and development and time-to-market for the semiconductor and clean-energy industries.
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