Immersion Q3 Adj EPS $0.12 Vs $0.25 Last Year, Sales $9.48M Beat $7.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Immersion Corporation (NASDAQ:IMMR) reported a decrease in Q3 adjusted EPS to $0.12 from $0.25 in the same period last year, while sales of $9.48M exceeded analyst estimates of $7.35M. However, this represents a 32.30% decrease in sales compared to $14.01M in the previous year.
November 13, 2023 | 2:04 pm
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Immersion's Q3 adjusted EPS fell to $0.12 from $0.25 Y/Y, but sales beat estimates at $9.48M, a 32.30% Y/Y decrease.
While Immersion beat sales estimates, the significant year-over-year decrease in both EPS and sales may concern investors. The mixed results could lead to neutral short-term stock price movement as positive sales surprise is offset by lower profitability.
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