Intevac (NASDAQ:IVAC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Intevac (NASDAQ:IVAC) released its quarterly earnings results on Monday. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07, Zacks reports. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Intevac Stock Performance

NASDAQ IVAC traded down $0.04 during trading hours on Wednesday, hitting $2.51. 172,883 shares of the company’s stock were exchanged, compared to its average volume of 78,983. The business’s 50 day moving average is $3.37 and its 200-day moving average is $3.69. Intevac has a 12-month low of $2.46 and a 12-month high of $4.57. The firm has a market capitalization of $67.59 million, a P/E ratio of -7.61 and a beta of 0.79.

Analysts Set New Price Targets

IVAC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Intevac in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a report on Tuesday.

Intevac Company Profile

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.