Identiv Reports First Quarter 2018 Results
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Identiv (INVE) Misses Q1 EPS by 5c, Beats on Revenues
May 10, 2018 4:28 PM EDTIdentiv (NASDAQ: INVE) reported Q1 EPS of ($0.15), $0.05 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $16.53 million versus the consensus estimate of $14.7 million.
Q1 was an exceptional quarter for our company, building on the strong momentum coming out of 2017, said Steven Humphreys, Identiv CEO. We grew revenue by 23% year-over-year, which is two to three times faster than the industry, demonstrating that were actively adding share and making a bigger impact in the markets we compete in. Were especially encouraged by the revenue growth,... More
