AP NEWS

NVE: Fiscal 2Q Earnings Snapshot

October 23, 2019

EDEN PRAIRIE, Minn. (AP) _ NVE Corp. (NVEC) on Wednesday reported fiscal second-quarter profit of $3.8 million.

The Eden Prairie, Minnesota-based company said it had net income of 79 cents per share.

The nanotechnology company posted revenue of $6.2 million in the period.

NVE shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.60, a decrease of 27% 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 NVEC at https://www.zacks.com/ap/NVEC