AP NEWS

Intermolecular: 3Q Earnings Snapshot

November 6, 2018

SAN JOSE, Calif. (AP) _ Intermolecular Inc. (IMI) on Tuesday reported a loss of $686,000 in its third quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 1 cent.

The materials research company semiconductor and clean-energy industries posted revenue of $7.9 million in the period.

For the current quarter ending in December, Intermolecular expects its results to range from a loss of 6 cents per share to a loss of 5 cents per share.

The company said it expects revenue in the range of $5.2 million to $5.8 million for the fiscal fourth quarter.

In the final minutes of trading on Tuesday, the company’s shares hit 90 cents. A year ago, they were trading at $1.16.

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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 IMI at https://www.zacks.com/ap/IMI

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