eMagin (EMAN) Announces Quarterly Earnings Results, Hits Expectations
eMagin (NYSEAMERICAN:EMAN) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03), MarketWatch Earnings reports. The business had revenue of $6.87 million during the quarter, compared to analysts’ expectations of $6.80 million.
eMagin stock traded down $0.06 during trading hours on Friday, reaching $1.42. 54,960 shares of the stock were exchanged, compared to its average volume of 152,964. eMagin has a 52-week low of $1.23 and a 52-week high of $2.05.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of eMagin from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. HC Wainwright set a $4.00 price objective on shares of eMagin and gave the stock a “buy” rating in a research report on Friday.
eMagin Company Profile
eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.
Further Reading: What does relative strength index mean?
Receive News & Ratings for eMagin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eMagin and related companies with MarketBeat.com's FREE daily email newsletter.