Intevac (NASDAQ:IVAC) posted its quarterly earnings data on Monday. The electronics maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.08, MarketWatch Earnings reports. Intevac had a negative net margin of 7.30% and a negative return on equity of 7.99%. The company had revenue of $19.47 million during the quarter, compared to analyst estimates of $18.75 million.
Shares of NASDAQ IVAC traded down $0.01 during mid-day trading on Wednesday, reaching $4.69. The company had a trading volume of 7,100 shares, compared to its average volume of 90,784. The firm has a market capitalization of $98.92 million, a price-to-earnings ratio of 27.59 and a beta of 0.90. Intevac has a 12-month low of $4.21 and a 12-month high of $9.15.
Intevac announced that its board has initiated a share repurchase program on Monday, August 20th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Intevac Company Profile
Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.
Further Reading: Insider Trading
Receive News & Ratings for Intevac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intevac and related companies with MarketBeat.com's FREE daily email newsletter.