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

Intevac (NASDAQ:IVAC) announced its quarterly earnings data 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 net margin of 15.08% and a negative return on equity of 6.80%. The business had revenue of $28.51 million for the quarter.

Intevac Stock Down 22.9 %

IVAC traded down $0.75 on Tuesday, hitting $2.55. The company’s stock had a trading volume of 1,356,496 shares, compared to its average volume of 78,555. The company’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $3.71. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The firm has a market cap of $68.55 million, a P/E ratio of -8.35 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IVAC shares. StockNews.com started coverage on Intevac in a research note on Wednesday, November 6th. They issued a “hold” rating on the stock. Benchmark reiterated a “hold” rating on shares of Intevac in a research note on Tuesday.

About Intevac

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.