Immersion Corporation Reports Record Revenue in Third Quarter 2015; Raises Financial Outlook
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Force Touch Drives Interest in Immersion (IMMR); Cowen Raises Price Target to $18
October 30, 2015 8:12 AM EDTCowen reiterated an Outperform rating on Immersion (NASDAQ: IMMR), and raised the price target to $18.00 (from $15.00), following the company's 3Q earnings results. EPS was reported at 8c, compared to the Street's flat consensus. Revenue was reported relatively in-line with consensus.
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Immersion (IMMR) Tops Q3 EPS by 8c
October 29, 2015 5:01 PM EDTImmersion (NASDAQ: IMMR) reported Q3 EPS of $0.08, $0.08 better than the analyst estimate of $0.00. Revenue for the quarter came in at $14.3 million versus the consensus estimate of $13.36 million.
For earnings history and earnings-related data on Immersion (IMMR) click here.
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