Intevac (NASDAQ:IVAC – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.220–0.200 for the period, compared to the consensus estimate of -0.050. The company issued revenue guidance of $7.5 million-$8.5 million, compared to the consensus revenue estimate of $15.0 million.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Intevac from a sell rating to a hold rating in a report on Monday, February 19th.
View Our Latest Stock Analysis on IVAC
Intevac Price Performance
Intevac (NASDAQ:IVAC – Get Free Report) last released its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. Intevac had a negative net margin of 23.15% and a negative return on equity of 9.31%. The company had revenue of $9.63 million during the quarter.
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.
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