Immersion (NASDAQ:IMMR) reported its Q1 earnings results on Wednesday, May 10, 2023 at 09:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Immersion beat estimated earnings by 135.71%, reporting an EPS of $0.33 versus an estimate of $0.14.
Revenue was down $234 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31 which was followed by a 6.36% increase in the share price the next day.
Here’s a look at Immersion’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.14 | 0.16 | 0.18 | 0.15 |
| EPS Actual | 0.45 | 0.28 | -0.03 | 0.20 |
| Revenue Estimate | 8.00M | 8.50M | 7.31M | 8.55M |
| Revenue Actual | 9.16M | 14.01M | 7.98M | 7.31M |
To track all earnings releases for Immersion visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
