NVE Corp. (NVEC) Releases Quarterly Earnings, Beats Estimates By $0.10 EPS
NVE Corp. (NASDAQ:NVEC) posted its quarterly earnings results on Wednesday. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.10, Stock Ratings News reports. The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $6.70 million.
Shares of NVE Corp. (NASDAQ:NVEC) traded down 1.11% during mid-day trading on Wednesday, hitting $52.36. 6,849 shares of the company’s stock traded hands. NVE Corp. has a one year low of $46.33 and a one year high of $61.47. The stock has a 50-day moving average of $49.77 and a 200-day moving average of $51.24. The company has a market cap of $254.6 million and a P/E ratio of 23.34.
NVE Corporation (NASDAQ:NVEC) develops and sells devices that use spintronics, a nanotechnology that relies on electron spin.
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