Immersion Corporation (NASDAQ:IMMR) developer and licenses haptic technologies, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.09 per share from $ 7.45 million in revenue.
For the full year, analysts predict revenues of $ 29.00 million, while looking forward to income of $ 0.21 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 31.00 million ~ $ 35.00 million, where as bottomline are predicted in a range of $ 0.04 ~ $ 0.19 per share
Click Here For More Historical Outlooks Of Immersion Corporation
Previous Quarter Performance
Immersion Corporation recorded income for the second quarter of $ 0.03 per share, from the revenue of $ 5.67 million. The quarterly revenues shrunk 35.13 percent compared with the same quarter last year. Street analysts expected Immersion Corporation to report loss of $ 0.03 per share on revenue of $ 5.72 million for the second quarter. The bottom line results beat street analysts by $ 0.06 or 200.00 percent, at the same time, top line results fell short of analysts by $ 0.05 million or 0.87 percent.
Stock Performance
Shares of Immersion Corporation traded up $ 0.56 or 8.28 percent on Wednesday, reaching $ 7.32 with volume of 515.90 thousand shares. Immersion Corporation has traded high as $ 7.38 and has cracked $ 6.77 on the downward trend
The closing price of $ 7.32, representing a 59.81 % increase from the 52 week low of $ 4.23 and a 37.75 % decrease over the 52 week high of $ 10.86.
The company has a market capital of $ 196.86 million and is part of the Technology sector and Software – Application industry.
Conference Call
Immersion Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.immersion.com
Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium patent licenses, haptic technologies to original equipment manufacturers.
