Identiv Inc reports results for the quarter ended September 30 - Earnings Summary

• Identiv Inc INVE.OQ reported quarterly adjusted earnings of $3.62​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of three analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -27 cents to -21 cents per share.

• Revenue fell 79.5% to $6.53 million from a year ago; analysts expected $5.95 million.

• Identiv Inc's reported EPS for the quarter was $3.62​.

• The company reported quarterly net income of $85.75 million.

• Identiv Inc shares had risen by 1.4% this quarter and lost 56.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Identiv Inc is $7.00

This summary was machine generated from LSEG data November 8 at 04:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)