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

Intevac (NASDAQ:IVAC) issued its quarterly earnings data on Monday. The electronics maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07, Zacks reports. The company had revenue of $28.51 million for the quarter. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.78%.

Intevac Trading Down 22.9 %

Shares of NASDAQ IVAC opened at $2.55 on Wednesday. The company has a 50 day simple moving average of $3.41 and a 200 day simple moving average of $3.71. Intevac has a 1 year low of $2.46 and a 1 year high of $4.57.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Intevac in a research report on Wednesday, November 6th. They issued a “hold” rating on the stock. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research 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.