Innoviz Technologies Q2 2024 GAAP EPS $(0.31) Misses $(0.15) Estimate, Sales $6.664M Beat $4.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies (NASDAQ:INVZ) reported Q2 2024 GAAP EPS of $(0.31), missing the $(0.15) estimate by 106.67%. However, sales of $6.664M beat the $4.600M estimate by 44.87%, marking a 354.57% increase from the same period last year.
August 07, 2024 | 11:46 am
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Innoviz Technologies reported a significant miss on EPS but a substantial beat on sales, with a 354.57% YoY increase in revenue.
The significant miss on EPS is a negative indicator, but the substantial beat on sales and impressive YoY growth could offset some of the negative sentiment. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100