EDEN PRAIRIE, Minn. (AP) _ NVE Corp. (NVEC) on Wednesday reported fiscal first-quarter earnings of $2.4 million.
The Eden Prairie, Minnesota-based company said it had net income of 50 cents per share.
The nanotechnology company posted revenue of $4.6 million in the period.
NVE shares have fallen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.05, a drop of 11% in the last 12 months.