Vimicro International Co. Shares Up 4.1% Following Better-Than-Expected Earnings (VIMC)
Shares of Vimicro International Co. (NASDAQ:VIMC) shot up 4.1% on Tuesday following a stronger than expected earnings report, Stock Ratings News reports. The stock traded as high as $3.56 and last traded at $3.52, with a volume of 67,180 shares. The stock had previously closed at $3.38.
The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.06. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $23.50 million.
The stock has a 50-day moving average of $3.03 and a 200-day moving average of $3.34. The company’s market cap is $83.3 million.
Vimicro International Corporation (NASDAQ:VIMC) is a multimedia semi-conductor and solution provider.
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