Investing.com - Immersion Corp reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Immersion Corp announced earnings per share of $0.280 on revenue of $14.01M. Analysts polled by Investing.com EPS of $0.160 on revenue of $8.5M.
Immersion Corp 's are down 67% and is trading at $6.850 , still down 11.50% from its 52 week high of $7.74 set on Wednesday, November 17, 2021.
Immersion Corp shares gained 24.32% to trade at $6.850 in intra-day trade the report.
Immersion Corp follows other major Information Technology sector earnings this month
Immersion Corp's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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