Identiv INVE reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Identiv missed estimated earnings by 116.67%, reporting an EPS of $-0.13 versus an estimate of $-0.06.
Revenue was up $897 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.7% drop in the share price the next day.
Here's a look at Identiv's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | 0.05 | 0.09 | -0.11 |
| EPS Actual | 0 | 0.01 | -0.02 | -0.06 |
| Revenue Estimate | 27.87M | 35.74M | 26.89M | 23.53M |
| Revenue Actual | 29.00M | 31.00M | 27.86M | 25.10M |
To track all earnings releases for Identiv visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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Posted In: EarningsBZI-Recaps