Immersion's stock plunges after surprise revenue decline [MarketWatch]
Immersion Corporation (IMMR)
Last immersion corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
ir.immersion.com/investor-relations
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Source: MarketWatch
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,
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News
- Immersion (IMMR) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Immersion Co. (NASDAQ: IMMR) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $11.00 price target on the stock.MarketBeat
- Immersion Corporation: Undervalued On Paper, Despite Lack Of Growth [Seeking Alpha]Seeking Alpha
- Immersion (IMMR) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Why Immersion (IMMR) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
IMMR
Earnings
- 3/7/24 - Beat
IMMR
Sec Filings
- 4/16/24 - Form 8-K
- 4/4/24 - Form ARS
- 4/4/24 - Form DEF
- IMMR's page on the SEC website