Intevac (NASDAQ:IVAC) Releases Q2 2024 Earnings Guidance

Intevac (NASDAQ:IVAC) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.220–0.200 for the period, compared to the consensus 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 during mid-day trading on Friday, reaching $4.39. 177,033 shares of the stock were exchanged, compared to its average volume of 70,942. The stock has a market capitalization of $116.69 million, a PE ratio of -8.91 and a beta of 0.73. Intevac has a 1-year low of $3.07 and a 1-year high of $6.48. The business’s fifty day simple moving average is $3.82 and its 200 day simple moving average is $3.88.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. The business had revenue of $9.63 million for the quarter. Intevac had a negative return on equity of 9.31% and a negative net margin of 23.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Intevac from a sell rating to a hold rating in a report on Monday, February 19th.

Intevac Company Profile

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.