Investing.com - Immersion (NASDAQ:IMMR) 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 anticipated EPS of $0.160 on revenue of $8.5M.
Immersion Corp shares are down 67% from the beginning of the year, still down 11.50% from its 52 week high of $7.74 set on November 17, 2021.
Immersion Corp shares gained 24.32% in intra-day trade following the report.
Immersion Corp follows other major Information Technology sector earnings this month
Immersion Corp's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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