Immersion Corporation (IMMR) Scheduled to Post Quarterly Earnings on Thursday
Immersion Corporation (NASDAQ:IMMR) will issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.
Immersion Corporation (NASDAQ:IMMR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.01). Immersion Corporation had a negative net margin of 113.47% and a negative return on equity of 43.56%. The firm had revenue of $7.00 million during the quarter, compared to analyst estimates of $8.94 million. During the same period in the previous year, the company earned ($0.20) earnings per share. Immersion Corporation’s revenue was down 11.4% on a year-over-year basis. On average, analysts expect Immersion Corporation to post $-1.22 EPS for the current fiscal year and $-0.86 EPS for the next fiscal year.
Immersion Corporation (NASDAQ IMMR) opened at 8.14 on Thursday. The firm’s market capitalization is $238.19 million. The company has a 50 day moving average price of $7.97 and a 200 day moving average price of $8.21. Immersion Corporation has a 52-week low of $6.22 and a 52-week high of $11.92.
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About Immersion Corporation
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
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