eMagin (NYSEAMERICAN:EMAN) issued its earnings results on Thursday, March 28th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Morningstar.com reports. The company had revenue of $5.44 million during the quarter, compared to analyst estimates of $7.90 million.
NYSEAMERICAN:EMAN traded up $0.01 during mid-day trading on Friday, hitting $0.61. The company had a trading volume of 15,289 shares, compared to its average volume of 133,273. eMagin has a 1 year low of $0.51 and a 1 year high of $1.95.
Separately, Zacks Investment Research lowered eMagin from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th.
eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.
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