InvenSense (INVN) Misses Q2 EPS by 1c

November 3, 2016 4:27 PM EDT
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InvenSense (NYSE: INVN) reported Q2 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $79.8 million versus the consensus estimate of $79.67 million.

"The InvenSense team delivered solid results in the second fiscal quarter. We are encouraged that our R&D investments are beginning to pay off with new design wins which we anticipate will allow us to penetrate new markets,” said Behrooz Abdi, president and CEO. “While the consumer and mobile markets were and remain soft, we believe this design win activity will position us for strong top line growth in fiscal 2018 as we strive to diversify our business.”

For earnings history and earnings-related data on InvenSense (INVN) click here.

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