Intermolecular (IMI) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Intermolecular (NASDAQ:IMI) released its earnings results on Tuesday. The semiconductor company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03, reports. Intermolecular had a negative net margin of 1.84% and a negative return on equity of 1.91%. The company had revenue of $7.86 million for the quarter. Intermolecular updated its Q4 2018 guidance to $-0.05–0.06 EPS.

Intermolecular stock traded up $0.05 during trading hours on Thursday, reaching $1.14. The stock had a trading volume of 501 shares, compared to its average volume of 51,000. Intermolecular has a 52 week low of $0.88 and a 52 week high of $1.98.

Separately, ValuEngine raised shares of Intermolecular from a “hold” rating to a “buy” rating in a report on Friday, August 3rd.

A hedge fund recently raised its stake in Intermolecular stock. BlackRock Inc. boosted its position in Intermolecular Inc (NASDAQ:IMI) by 70.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,626 shares of the semiconductor company’s stock after acquiring an additional 50,101 shares during the period. BlackRock Inc. owned 0.25% of Intermolecular worth $203,000 at the end of the most recent reporting period. 37.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Intermolecular

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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Earnings History for Intermolecular (NASDAQ:IMI)

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