Immersion (IMMR -12%), a developer of haptic feedback technology, is off sharply after reporting Q3 revenue of $6.5M (flat Y/Y) and EPS of -$0.05, missing consensus by $1M and $0.05. The shortfall is blamed on medical and automative weakness, which offset smartphone licensing strength. Immersion now expects 2011 revenue of $29.5M-$30.5M, below a $32.1M consensus.
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