Immersion Corp down after fall in quarterly profit - IMMR News | RalliesImmersion Corp down after fall in quarterly profit
I
IMMR• Shares fall after quarterly profit declines
- Shares of haptic technology developer Immersion Corp (IMMR.O) were down about 1% at $7.33 in early trading.
- The company posted a fall in adjusted quarterly profit, as higher operating expenses offset modest revenue growth.
- It reported Q1 adjusted EPS of 50 cents, compared with 52 cents a year earlier.
- Quarterly total revenues were $294.4 million, versus $292 million last year.
- Including session moves, the stock was down about 9% year to date.
