Intermolecular (NASDAQ:IMI) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Intermolecular (NASDAQ:IMI) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08), Bloomberg Earnings reports. Intermolecular had a negative return on equity of 31.51% and a negative net margin of 42.74%. The business had revenue of $4.62 million for the quarter.

Shares of IMI stock remained flat at $$1.18 on Friday. The company had a trading volume of 35,492 shares, compared to its average volume of 162,901. The company has a current ratio of 5.84, a quick ratio of 5.84 and a debt-to-equity ratio of 0.38. Intermolecular has a twelve month low of $0.88 and a twelve month high of $1.42. The firm’s 50 day moving average is $1.17.

Several analysts recently weighed in on the company. ValuEngine upgraded Intermolecular from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Lake Street Capital downgraded Intermolecular from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

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.

Read More: What are popular green investing opportunities?

Earnings History for Intermolecular (NASDAQ:IMI)

Receive News & Ratings for Intermolecular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intermolecular and related companies with MarketBeat.com's FREE daily email newsletter.