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NVE Corporation (NVEC - Free Report) 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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