Neonode (NASDAQ:NEON) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Neonode (NASDAQ:NEON) issued its quarterly earnings results on Wednesday. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01, Fidelity Earnings reports. The firm had revenue of $1.31 million for the quarter. Neonode had a negative return on equity of 40.02% and a negative net margin of 40.45%.

NEON stock traded down $0.25 during trading on Friday, hitting $1.60. The company had a trading volume of 36,100 shares, compared to its average volume of 16,212. Neonode has a 1-year low of $1.31 and a 1-year high of $3.80. The firm has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.72 and a current ratio of 3.16.

Several brokerages recently issued reports on NEON. ValuEngine cut Neonode from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird began coverage on Neonode in a research report on Friday, July 26th. They issued an “outperform” rating and a $15.00 price target on the stock.

Neonode Company Profile

Neonode Inc, together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, Germany, China, Taiwan, South Korea, and internationally. It develops optical touch and gesture solutions for human interaction with devices.

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Earnings History for Neonode (NASDAQ:NEON)

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