Immersion (IMMR -12%), a developer of haptic feedback technology, is off sharply after reporting...

|About: Immersion Corporation (IMMR)|By:, SA News Editor

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.