Shares up over 18% in premarket trading

  • Immersion Corp. shares rallied after reporting increased second-quarter revenue and profit
  • Shares up over 40% year-to-date
  • Earnings of $28.9 million, compared to $7.0 million a year ago
  • Sales rose to $99.4 million from $7.0 million a year ago
  • Revenue of $47.0 million from Barnes & Noble Education stake

Immersion Corp.’s shares surged after reporting a significant increase in second-quarter revenue and profit, driven by their investment in Barnes & Noble Education. The company’s earnings reached $28.9 million, compared to $7.0 million the previous year, while sales jumped from $7.0 million to $99.4 million. Immersion holds a 42% stake and five board seats in Barnes & Noble Education since June 10th. The company also declared a quarterly dividend of 4.5 cents per share to be paid on October 18th.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Immersion Corp.’s financial performance and its investment in Barnes & Noble Education, including specific numbers and details about earnings, revenue, and dividend declaration.
Noise Level: 3
Noise Justification: The article provides relevant financial information about Immersion Corp.’s second-quarter earnings and revenue growth, as well as the impact of its investment in Barnes & Noble Education. However, it lacks a comprehensive analysis or exploration of long-term trends or consequences of decisions on those who bear risks. It also does not delve into antifragility or hold powerful people accountable. The article is mostly focused on reporting financial results and stock performance without providing much context or actionable insights.
Public Companies: Immersion Corp. (IMMR), Barnes & Noble Education (BNED)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Immersion Corp.’s stock price and Barnes & Noble Education’s business
Financial Rating Justification: The article discusses the increase in revenue and profit of Immersion Corp., which impacts its stock price, as well as their investment in Barnes & Noble Education, affecting both companies’ financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: The market move size mentioned in the article is 18%.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com