Intevac (NASDAQ:IVAC) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Intevac (NASDAQ:IVAC) announced its quarterly earnings results on Monday. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09, Zacks reports. The company had revenue of $14.53 million during the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%. During the same quarter last year, the company posted ($0.19) earnings per share.

Intevac Price Performance

Shares of IVAC stock traded up $0.01 on Wednesday, reaching $3.82. 59,689 shares of the company were exchanged, compared to its average volume of 90,675. The company has a market cap of $101.55 million, a price-to-earnings ratio of -10.05 and a beta of 0.82. The company has a 50-day moving average of $3.87 and a 200-day moving average of $3.92. Intevac has a one year low of $3.07 and a one year high of $4.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Intevac from a “sell” rating to a “hold” rating in a report on Saturday, July 27th.

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.