Identive Group Reports Fall In Q3 Bottom Line, misses estimates

Identive Group (INVE) reported earnings for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $0.22 million, or $0.01 per share. This compares with $2.25 million, or $0.09 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $31.00 million from $29.10 million last year.

Identive Group earnings at a glance (GAAP) :

-Earnings (Q3): $0.22 Mln. vs. $2.25 Mln. last year.
-EPS (Q3): $0.01 vs. $0.09 last year.
-Analyst Estimates: $0.05
-Revenue (Q3): $31.00 Mln vs. $29.10 Mln last year.

Full year revenue guidance: $112 - $118 Mln

For comments and feedback contact: editorial@rttnews.com

Follow RTT