Immersion: 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Immersion Corp. (IMMR) on Wednesday reported a loss of $1.4 million in its third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The touch-based technology company posted revenue of $10.6 million in the period.
Immersion expects full-year revenue in the range of $35 million to $38 million.
Immersion shares have declined 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.23, a drop of 13% in the last 12 months.