Intevac (NASDAQ:IVAC – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of -0.220–0.200 for the period, compared to the consensus EPS 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.
Intevac Stock Performance
NASDAQ IVAC traded up $0.30 on Friday, hitting $4.39. 177,033 shares of the stock traded hands, compared to its average volume of 70,942. The business’s fifty day moving average is $3.82 and its two-hundred day moving average is $3.88. Intevac has a 12 month low of $3.07 and a 12 month high of $6.48. The firm has a market capitalization of $116.69 million, a price-to-earnings ratio of -8.91 and a beta of 0.73.
Intevac (NASDAQ:IVAC – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. Intevac had a negative return on equity of 9.31% and a negative net margin of 23.15%. The company had revenue of $9.63 million during the quarter.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Intevac
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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