Intevac (NASDAQ:IVAC) Releases Earnings Results

Intevac (NASDAQ:IVAC) announced its quarterly earnings data on Monday. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07, Zacks reports. The firm had revenue of $28.51 million during the quarter. Intevac had a negative net margin of 15.08% and a negative return on equity of 6.80%.

Intevac Price Performance

Shares of IVAC stock traded down $0.75 during trading hours on Tuesday, hitting $2.55. The company had a trading volume of 1,356,496 shares, compared to its average volume of 78,555. The stock has a market capitalization of $68.55 million, a PE ratio of -8.35 and a beta of 0.79. The company’s fifty day moving average is $3.41 and its 200 day moving average is $3.71. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.57.

Wall Street Analysts Forecast Growth

IVAC has been the topic of a number of recent analyst reports. StockNews.com began coverage on Intevac in a report on Wednesday, November 6th. They issued a “hold” rating on the stock. Benchmark reiterated a “hold” rating on shares of Intevac in a report on Tuesday.

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.