Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Immersion popped temporarily today, up by 12% at the high before giving back some gains, after the company reported earnings.

So what: Revenue in the second quarter hit a record $10.2 million, which translated into earnings per share of $0.03. Both figures were in-line with consensus estimates. CEO Vic Viegas expressed confidence in the company's revenue pipeline, saying license agreements provide visibility.


Now what: Sharp became Immersion's newest licensee of its software, and the company expects other partners to launch products in the near term. Viegas said Immersion is on track to post record revenue this year of $45 million to $48 million. Adjusted EBITDA for 2013 should be $12 million to $15 million.

Interested in more info on Immersion? Add it to your watchlist by clicking here.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.

The article Why Immersion Shares Popped Temporarily originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Add a Comment

*0 / 3000 Character Maximum