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-0.000497695852534548 -0.00368663594470038 0 -0.015668202764977 0.0396497695852536 0.017520737327189 0.0188940092165899 0.0267281105990784
Stockreport

Immersion's stock plunges after surprise revenue decline [MarketWatch]

IMMERSION (IMMR)  More Company Research Source: MarketWatch
Last immersion earnings: 8/2 04:26 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.immersion.com/investor-relations
PDF Immersion's stock plunges after surprise revenue decline Shares of Immersion Corp. IMMR, -24.03% plummeted 16% in premarket trade Friday, after the touch feedback technology company's second-quarter results missed expectations. The company reported late Thursday a net loss that narrowed to $7.8 million, or 25 cents a share, from $14.8 million, or 51 cents a share, in the same period a year ago. Excluding non-recurring items, the adjusted loss per share was 18 cents. The average estimate of two analysts surveyed by FactSet was for a loss of 14 cents a share. Revenue fell to $6.1 million from $7.0 million, while the FactSet consensus was for a rise to $9.6 million. The company affirmed its 2018 revenue outlook of $108 million to $118 million, taking into account the recently announced settlement with Fitbit Inc. FIT, +0.19% the terms of which were confidential. Immersion's stock had doubled (up 101.6%) year to date through Thursday, while the SPDR Techology Select Sector ETF XLK, [Read more]

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