Intermolecular (IMI) Updates Q4 2018 Earnings Guidance

Intermolecular (NASDAQ:IMI) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $-0.05–0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.02. The company issued revenue guidance of $5.2-5.8 million, compared to the consensus revenue estimate of $8.5 million.

Separately, ValuEngine raised shares of Intermolecular from a hold rating to a buy rating in a report on Friday, August 3rd.

Intermolecular stock traded up $0.08 on Wednesday, hitting $0.98. The company’s stock had a trading volume of 600 shares, compared to its average volume of 44,767. Intermolecular has a one year low of $0.88 and a one year high of $1.98.

Intermolecular (NASDAQ:IMI) last announced its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $7.86 million for the quarter. Intermolecular had a negative net margin of 4.76% and a negative return on equity of 5.07%.

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About Intermolecular

Intermolecular, Inc engages in the development of advanced materials using high productivity combinatorial (HPC) technology platform for the semiconductors, consumer electronics, automotive, and aerospace industries worldwide. The company's HPC platform includes Tempus processing tools, automated characterization methods, and informatics analysis software for research and development using combinatorial process systems in concert with established chemical vapor deposition, physical vapor deposition, and atomic layer deposition methods.

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