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

Intevac (NASDAQ:IVAC) issued its quarterly earnings results on Monday. The electronics maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07, Zacks reports. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Intevac Trading Down 1.4 %

Shares of Intevac stock traded down $0.04 on Wednesday, reaching $2.51. 172,883 shares of the company were exchanged, compared to its average volume of 78,983. The stock has a fifty day moving average price of $3.37 and a 200-day moving average price of $3.69. The firm has a market capitalization of $67.59 million, a price-to-earnings ratio of -7.61 and a beta of 0.79. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.57.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IVAC. Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday. StockNews.com initiated coverage on Intevac in a report on Wednesday, November 6th. They issued a “hold” rating for the company.

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.