NVE (NVEC) Beat Q3 Earnings Estimates On Lower Expenses
Zacks Investment Research | Jan 18, 2018 09:50PM ET
NVE Corporation (NASDAQ:NVEC) reported third-quarter fiscal 2018 earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 63 cents by 23.8%. Quarterly earnings were also higher than 72 cents in the year-ago quarter.
Total Revenues
In the quarter under review, total revenues were $7.36 million, surpassing the Zacks Consensus Estimate of $7 million by 5.1%. Revenues declined 1% from $7.46 million the year-ago quarter. The downside was caused by 9% drop in product sales which was offset by a 164% surge in contract research and development revenues.
NVE Corporation Price, Consensus and EPS Surprise
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