trending Market Intelligence /marketintelligence/en/news-insights/trending/6fJDac9osiyH6PH4xz25EQ2 content esgSubNav
In This List

Immsi swings to profit in Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

2022 broadband forecast shifts to market share battle with intense competition


Immsi swings to profit in Q3

Immsi SpA said its normalized net income for the third quarter amounted to €1.1 million, compared with a loss of €22.1 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.4% from negative 7.0% in the year-earlier period.

Total revenue grew on an annual basis to €327.0 million from €318.2 million, and total operating expenses climbed 5.8% on an annual basis to €310.6 million from €293.5 million.

Reported net income totaled a loss of €374,000, or a loss of 0 cents per share, compared to a loss of €21,000, or a loss of 0 cents per share, in the prior-year period.