Atomera (NASDAQ:ATOM) issued its earnings results on Tuesday. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $0.15 million for the quarter, compared to analyst estimates of $0.25 million.
Shares of Atomera stock opened at $3.75 on Wednesday. The firm has a market capitalization of $55.78 million, a PE ratio of -3.47 and a beta of 2.03. Atomera has a 12-month low of $2.33 and a 12-month high of $8.00.
A number of large investors have recently modified their holdings of ATOM. Hollencrest Capital Management boosted its stake in Atomera by 122.7% during the 3rd quarter. Hollencrest Capital Management now owns 861,070 shares of the technology company’s stock worth $5,149,000 after purchasing an additional 474,488 shares during the period. Sargent Investment Group LLC acquired a new stake in Atomera during the 4th quarter worth $146,000. Jane Street Group LLC acquired a new stake in Atomera during the 3rd quarter worth $124,000. Sigma Planning Corp acquired a new stake in Atomera during the 4th quarter worth $55,000. Finally, Bank of New York Mellon Corp acquired a new stake in Atomera during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 17.01% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Atomera (ATOM) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2019/02/13/atomera-atom-releases-quarterly-earnings-results-misses-estimates-by-0-03-eps.html.
Atomera Incorporated engages in the business of developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry. Its lead technology is Mears Silicon Technology, a thin-film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.
Recommended Story: What is a conference call?
Receive News & Ratings for Atomera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atomera and related companies with MarketBeat.com's FREE daily email newsletter.