Identiv Sees Q4 Revenue $29M-$31M Vs $34.13M Est.
Portfolio Pulse from Benzinga Newsdesk
Identiv has provided its Q4 2023 revenue guidance, expecting revenues in the range of $29 million to $31 million. This is lower than the estimated $34.13 million. The company has decided to move to quarterly revenue guidance going forward.
November 08, 2023 | 12:55 am
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NEGATIVE IMPACT
Identiv's Q4 2023 revenue guidance is lower than the estimated $34.13 million, which could negatively impact investor sentiment.
Identiv's lower than expected revenue guidance for Q4 2023 could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100