Identiv Inc reports results for the quarter ended in June - Earnings Summary

INVE Technologies

04/08/2023 04:17

* Identiv Inc  INVE.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss of 6
cents per share.
    * Revenue rose 6.1% to $29.56 million from a year ago;
analysts
expected $29.70 million. 
    * Identiv Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 38.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Identiv Inc shares had fallen by 12.1% this quarter and
gained 2.1% so far this year.
    * The company reported a quarterly loss of $1.46 million.
    * Wall Street's median 12-month price target for Identiv Inc
is
$11.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 03:17 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.06          -0.06          Met
 Mar. 31 2023      -0.06          -0.13          Missed
 Dec. 31 2022      0.00           0.00           Met
 Sep. 30 2022      0.06           0.01           Missed