Innoviz Technologies INVZ reported its Q1 earnings results on Wednesday, May 17, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Innoviz Technologies missed estimated earnings by 18.18%, reporting an EPS of $-0.26 versus an estimate of $-0.22.
Revenue was down $764 thousand from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 1.86% drop in the share price the next day.
Here's a look at Innoviz Technologies's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | -0.25 | -0.25 | -0.18 |
| EPS Actual | -0.25 | -0.25 | -0.21 | -0.23 |
| Revenue Estimate | 2.33M | 2.22M | 1.93M | 2.17M |
| Revenue Actual | 1.58M | 878K | 1.80M | 1.77M |
To track all earnings releases for Innoviz Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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