Immersion: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Immersion Corp. (IMMR) on Thursday reported a loss of $8.6 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 27 cents. Losses, adjusted for one-time gains and costs, came to 24 cents per share.
The touch-based technology company posted revenue of $8.7 million in the period.
Immersion expects full-year revenue in the range of $36 million to $41 million.
Immersion shares have declined 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.97, a decrease of 43% in the last 12 months.