Neonode Inc. (NEON) Scheduled to Post Quarterly Earnings on Thursday
Neonode Inc. (NASDAQ:NEON) is set to announce its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Neonode (NASDAQ:NEON) last issued its quarterly earnings data on Wednesday, August 9th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $2.33 million for the quarter, compared to analysts’ expectations of $3.68 million. Neonode had a negative return on equity of 123.74% and a negative net margin of 48.19%. On average, analysts expect Neonode to post $-0.04 EPS for the current fiscal year and $0.05 EPS for the next fiscal year.
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A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Neonode from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Cowen and Company restated an “outperform” rating and issued a $3.00 target price (down previously from $4.00) on shares of Neonode in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Neonode from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Craig Hallum lowered shares of Neonode from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.
Neonode Company Profile
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
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