Immersion Q4 EPS $0.49 Beats $0.16 Estimate, Sales $10.38M Beat $8.22M Estimate
Portfolio Pulse from Happy Mohamed
Immersion (NASDAQ:IMMR) reported Q4 earnings of $0.49 per share, surpassing the $0.16 estimate, a 206.25% beat, and a 8.89% increase from last year. Q4 sales were $10.38M, beating the $8.22M estimate by 26.28%, and marking a 13.27% increase from the previous year.
March 07, 2024 | 9:35 pm
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POSITIVE IMPACT
Immersion reported Q4 EPS of $0.49, beating estimates by 206.25%, and sales of $10.38M, exceeding forecasts by 26.28%.
The significant beat on both earnings per share and sales estimates suggests a strong financial performance by Immersion, likely leading to positive investor sentiment and a potential short-term increase in IMMR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100