InterMolecular (NASDAQ:IMI) announced its earnings results on Tuesday, May 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Bloomberg Earnings reports. The business had revenue of $9.68 million for the quarter. InterMolecular had a negative net margin of 14.05% and a negative return on equity of 14.29%.
IMI traded up $0.03 during midday trading on Wednesday, hitting $1.37. The company’s stock had a trading volume of 58,900 shares, compared to its average volume of 46,022. InterMolecular has a 52-week low of $1.29 and a 52-week high of $1.30.
Separately, ValuEngine upgraded shares of InterMolecular from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Intermolecular, Inc engages in the development of advanced materials using high productivity combinatorial (HPC) technology platform for the semiconductors, consumer electronics, automotive, and aerospace industries worldwide. The company's HPC platform includes Tempus processing tools, automated characterization methods, and informatics analysis software for research and development using combinatorial process systems in concert with established chemical vapor deposition, physical vapor deposition, and atomic layer deposition methods.
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