Identiv (INVE) Misses Q3 EPS by 3c, provides guidance

Identiv (NASDAQ: INVE) reported Q3 EPS of ($0.01), $0.03 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $31.8 million versus the consensus estimate of $35.22 million.

Financial Outlook

Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. Management has decided to move to quarterly revenue guidance going forward, and currently expects fiscal Q4 2023 revenues in the range of $29 million to $31 million., versus the consensus of $35.033 million. Normal seasonality is expected to continue.

For earnings history and earnings-related data on Identiv (INVE) click here.

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