Immersion: Q1 Earnings Snapshot : vimarsana.com

Immersion: Q1 Earnings Snapshot


Immersion: Q1 Earnings Snapshot
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SAN JOSE, Calif. (AP) _ Immersion Corp. (IMMR) on Thursday reported first-quarter net income of $2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Jose, California-based company said it had net income of 7 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 10 cents per share.
The touch-based technology company posted revenue of $7.2 million in the period.
Immersion shares have fallen 27% since the beginning of the year. The stock has increased 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMMR at https://www.zacks.com/ap/IMMR

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