Innoviz Technologies Q1 2024 GAAP EPS $(0.18) Misses $(0.14) Estimate, Sales $7.057M Beat $5.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies (NASDAQ:INVZ) reported Q1 2024 earnings with a GAAP EPS of $(0.18), missing the $(0.14) estimate, but sales of $7.057M exceeded the $5.600M estimate, marking a 598.71% increase from the previous year.
May 08, 2024 | 11:01 am
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Innoviz Technologies reported a Q1 2024 GAAP EPS of $(0.18), missing estimates, but sales of $7.057M exceeded expectations, a significant increase from the previous year.
While the EPS miss might concern some investors, the substantial sales beat and year-over-year growth are likely to be viewed positively. The mixed results could lead to neutral short-term price movement as investors weigh the earnings miss against the strong sales performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100