Identiv Q2 2024 GAAP EPS $(0.31) Misses $(0.14) Estimate, Sales $24.333M Beat $24.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Identiv (NASDAQ:INVE) reported Q2 2024 GAAP EPS of $(0.31), missing the $(0.14) estimate by 121.43%. However, sales of $24.333M beat the $24.000M estimate by 1.39%, though this is a 17.67% decrease from the same period last year.
August 08, 2024 | 9:56 pm
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NEGATIVE IMPACT
Identiv reported a significant EPS miss for Q2 2024, with a loss of $(0.31) per share compared to the $(0.14) estimate. However, sales slightly beat expectations at $24.333M, though they were down 17.67% year-over-year.
The significant EPS miss is likely to negatively impact the stock price in the short term, despite the slight beat in sales. The year-over-year sales decline further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100