Immersion Q1 EPS $0.59 Beats $0.55 Estimate, Sales $43.85M Beat $24.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Immersion (NASDAQ:IMMR) reported Q1 earnings of $0.59 per share, surpassing the $0.55 estimate, marking a 78.79% increase from last year. Sales reached $43.85M, beating the $24.93M estimate, a 519.83% increase from the previous year.
May 08, 2024 | 10:29 pm
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Immersion reported a significant beat on both earnings per share and sales for Q1, with EPS at $0.59 against a $0.55 estimate and sales of $43.85M against a $24.93M estimate.
The significant beat on both earnings and sales estimates for Immersion indicates strong financial health and operational efficiency, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
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IMPORTANCE 95
RELEVANCE 100