Innoviz Technologies Ltd reports results for the quarter ended September 30 - Earnings Summary

• Innoviz Technologies Ltd INVZ.OQ reported a quarterly adjusted loss of 46 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of five analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -19 cents to -12 cents per share.

• Revenue rose 423.7% to $18.24 million from a year ago; analysts expected $4.46 million.

• Innoviz Technologies Ltd's reported EPS for the quarter was a loss of 46 cents​.

• The company reported a quarterly loss of $76.16 million.

• Innoviz Technologies Ltd shares had fallen by 30.4% this quarter and lost 77.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% 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," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Innoviz Technologies Ltd is $2.50

This summary was machine generated from LSEG data November 13 at 03:23 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)