Innoviz Technologies Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-15

Innoviz Technologies (NASDAQ:INVZ) Third Quarter 2024 Results Key Financial Results Revenue: US$4.52m (up 30% from 3Q 2023). Net loss: US$24.9m (loss narrowed by 8.0% from 3Q 2023). US$0.15 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 7.1%.Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.The company's shares are down 23% from a week ago.Be aware that  Innoviz Technologies is showing  4 warning signs in our investment analysis and 1 of those doesn't sit too well with us...","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"INVZ":"Innoviz Technologies Ltd.","INVZW":"Innoviz Technologies Ltd. Warrant 2026/04/05 11.5C"},"translate_title":"Innoviz Technologies 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INVZ":0.9,"INVZW":0.9},"content_text":"Innoviz Technologies (NASDAQ:INVZ) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$4.52m (up 30% from 3Q 2023).\nNet loss: US$24.9m (loss narrowed by 8.0% from 3Q 2023).\nUS$0.15 loss per share (improved from US$0.18 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:INVZ Earnings and Revenue Growth November 15th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nInnoviz Technologies EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. \n Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US. \nPerformance of the American Electronic industry.\n The company's shares are down 23% from a week ago. \nRisk Analysis\n Be aware that  Innoviz Technologies is showing  4 warning signs in our investment analysis and 1 of those doesn't sit too well with us... \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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