Identiv Q4 2023 Adj EPS $(0.06) Misses $(0.03) Estimate, Sales $28.985M Miss $30.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Identiv (NASDAQ:INVE) reported Q4 2023 adjusted EPS of $(0.06), missing the $(0.03) estimate, with sales of $28.985M also missing the $30.000M estimate. This represents a slight decrease over the previous year's sales.

March 12, 2024 | 8:03 pm
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Identiv reported a Q4 2023 adjusted EPS of $(0.06), missing estimates, and sales of $28.985M, also below expectations.
Identiv's reported earnings and sales for Q4 2023 both missed analyst estimates, which could lead to negative investor sentiment in the short term. The miss in both earnings per share and sales, coupled with a slight year-over-year decrease in sales, suggests potential challenges in the company's operational performance and market conditions. This could result in downward pressure on the stock price as investors adjust their expectations.
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