Key Points from Identiv’s Q4 Earnings Report on March 12, 2024:
– Identiv (NASDAQ: INVE) released its Q4 earnings, revealing a missed estimated earnings by -100.0% with an EPS of $-0.06.
– Revenue saw a decrease of $16 thousand compared to the same period last year.
– In the previous quarter, Identiv missed EPS by $0.03, resulting in a 16.0% share price drop the next day.
– Past performance highlights include a summary of EPS estimates and actuals for Q3 2023, Q2 2023, Q1 2023, and Q4 2022.
– To stay updated on Identiv’s earnings releases, check out their earnings calendar.
Stay informed with Identiv’s financial updates and performance trends.
Identiv, Inc. (INVE) Stock Price Plummets 17.50% on March 12, 2024: Whats Next for Investors?
On March 12, 2024, Identiv, Inc. (INVE) experienced a significant drop in its stock price, closing at $7.12 per share. This marks a decrease of $1.51, or 17.50%, from the previous market close. Additionally, in after-hours trading, the stock dropped an additional $0.11.
INVE is currently trading in the middle of its 52-week range and below its 200-day simple moving average. This indicates that the stock may be experiencing some downward momentum and could potentially continue to decline in the near future.
Investors and analysts will likely be monitoring INVE closely in the coming days to see if the stock can rebound from its recent losses. It will be important to watch for any news or developments that could impact the company’s performance and stock price.
Overall, the drop in INVE’s stock price on March 12th highlights the volatility of the market and the importance of staying informed and making well-informed investment decisions. As always, it is important for investors to conduct thorough research and consult with financial advisors before making any investment decisions.
INVE Stock Reports Mixed Financial Performance for 2024: Revenue Up, Net Income Down
INVE stock had a mixed performance on March 12, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, the total revenue for the company was $112.92 million for the past year, which represented an increase of 8.81% compared to the previous year. In the third quarter alone, the total revenue was $31.85 million, showing a 7.75% increase compared to the previous quarter. However, the company’s net income did not fare as well, with a reported net loss of $392,000 for the past year and a net loss of $22,000 for the third quarter. Earnings per share (EPS) also showed a decline for the company, with an EPS of -$0.07 for the past year and an EPS of -$0.01 for the third quarter. Overall, the financial performance of INVE stock on March 12, 2024, showed a mixed bag of results. Investors will be closely monitoring the company’s future financial reports to see if these trends continue or if there will be improvements in profitability.
