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Immersion: Q3 Earnings Insights

Immersion (NASDAQ:IMMR) reported its Q3 earnings results on Monday, November 13, 2023 at 09:00 AM. Here’s what investors…
byBenzinga Insights
November 13, 2023
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Immersion (NASDAQ:IMMR) reported its Q3 earnings results on Monday, November 13, 2023 at 09:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Immersion missed estimated earnings by 63.64%, reporting an EPS of $0.12 versus an estimate of $0.33.

Revenue was down $4.52 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 2.66% increase in the share price the next day.

Here’s a look at Immersion’s past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.14 0.14 0.14 0.16
EPS Actual 0.28 0.33 0.45 0.28
Revenue Estimate 7.76M 7.82M 8.00M 8.50M
Revenue Actual 6.98M 7.07M 9.16M 14.01M

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.

 
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