Vimicro International Co. Shares Gap Up on Strong Earnings (VIMC)
Shares of Vimicro International Co. (NASDAQ:VIMC) gapped up before the market opened on Wednesday following a stronger than expected earnings report, AR Network reports. The stock had previously closed at $3.28, but opened at $3.50. Vimicro International Co. shares last traded at $3.90, with a volume of 499,788 shares.
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.
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 $95.7 million.
Vimicro International Corporation (NASDAQ:VIMC) is a multimedia semi-conductor and solution provider.
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