Immersion: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Immersion Corp. (IMMR) on Thursday reported a loss of $7.8 million in its second quarter.
The San Jose, California-based company said it had a loss of 25 cents per share. Losses, adjusted for one-time gains and costs, came to 18 cents per share.
The touch-based technology company posted revenue of $6.1 million in the period.
Immersion expects full-year revenue in the range of $108 million to $118 million.
Immersion shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.23, an increase of 70 percent in the last 12 months.