Identiv Q1 2024 GAAP EPS $(0.21) Misses $(0.14) Estimate, Sales $22.494M Miss $23.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Identiv (NASDAQ:INVE) reported Q1 2024 GAAP EPS of $(0.21), missing the $(0.14) estimate, with sales of $22.494M also missing the $23.000M estimate. This represents a significant decrease in performance compared to the same period last year.
May 08, 2024 | 8:59 pm
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NEGATIVE IMPACT
Identiv reported a significant miss in both EPS and sales for Q1 2024, indicating a downturn from the previous year's performance.
The reported earnings miss, especially a 50% miss in EPS and a 2.20% miss in sales compared to analyst estimates, is likely to negatively impact investor sentiment in the short term. The significant decrease from the previous year's performance further compounds the negative outlook, suggesting potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100