From Nasdaq: 2024-11-07 17:55:09

Identiv, Inc. (INVE) reported a quarterly loss of $0.25 per share, beating the Zacks Consensus Estimate of a loss of $0.26. This represents an earnings surprise of 3.85%. Revenues for the quarter were $6.53 million, exceeding expectations by 8.87%.

The company has surpassed consensus EPS estimates only once in the last four quarters. Identiv shares have declined by 55.5% this year. The stock’s future performance will depend on management’s commentary and earnings outlook.

Investors are curious about Identiv’s next steps. The company’s earnings outlook and estimate revisions will play a crucial role in determining its future performance. The current Zacks Rank for the stock is #3 (Hold), indicating expected performance in line with the market.

Nvidia (NVDA) is set to release its quarterly results on November 20. The company is expected to post earnings of $0.74 per share, representing an 85% year-over-year increase. Revenue is projected to be $32.81 billion, up 81.1% from the previous year. Expectations for the stock are high.

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Read more at Nasdaq: Identiv, Inc. (INVE) Reports Q3 Loss, Tops Revenue Estimates