Identiv Q2 EPS $(0.06) Beats $(0.08) Estimate, Sales $29.55M Miss $29.70M Estimate
Portfolio Pulse from bharat@benzinga.com
Identiv (NASDAQ:INVE) reported Q2 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.08) by 25%. However, the company's quarterly sales of $29.55 million missed the analyst consensus estimate of $29.70 million by 0.49%. This represents a 200% increase in losses and a 6.10% increase in sales compared to the same period last year.
August 04, 2023 | 2:34 pm
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NEUTRAL IMPACT
Identiv's Q2 results showed mixed performance with better than expected losses but lower than expected sales. This could lead to uncertainty among investors.
Identiv's Q2 results beat loss estimates but missed on sales. While the reduced losses are positive, the missed sales target could cause concern among investors, potentially leading to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100