Overview

* NVE fiscal Q1 revenue falls 10% yr/yr due to lower product sales

* Net income for fiscal Q1 declines 13% yr/yr

* Co, which makes sensors and couplers used to acquire and transmit data, announces quarterly dividend of $1.00 per share

Outlook

* NVE does not provide specific future financial guidance in its press release

Result Drivers

* PRODUCT SALES DECLINE - 11% decrease in product sales contributed to lower revenue

* R&D REVENUE INCREASE - 17% rise in contract research and development revenue partially offset revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 $6.10

Revenue mln

Q1 EPS $0.74

Q1 Net $3.58

Income mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)