eMagin Co. (EMAN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
eMagin Co. (NYSE:EMAN) posted its earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. The company had revenue of $4.30 million for the quarter, compared to analyst estimates of $6.80 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share.
Shares of eMagin (NYSE:EMAN) opened at 2.40 on Friday. The company’s market capitalization is $70.53 million. The firm’s 50-day moving average is $2.54 and its 200 day moving average is $2.27. eMagin has a 52 week low of $1.26 and a 52 week high of $3.30.
Separately, Zacks Investment Research raised shares of eMagin from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th.
An institutional investor recently raised its position in eMagin stock. BlackRock Fund Advisors boosted its position in shares of eMagin Co. (NYSE:EMAN) by 26.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,437 shares of the company’s stock after buying an additional 12,110 shares during the period. BlackRock Fund Advisors owned 0.20% of eMagin worth $110,000 as of its most recent SEC filing.
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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