Innoviz Technologies Ltd. (INVZ) Reports Q2 Loss, Tops Revenue Estimates

分组1 - Innoviz Technologies Ltd. reported a quarterly loss of $0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, and an improvement from a loss of $0.23 per share a year ago, indicating a surprise of -30% [1] - The company achieved revenues of $6.66 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 39.71%, and showing significant growth from $1.47 million in the same quarter last year [2] - Innoviz Technologies has consistently surpassed consensus revenue estimates over the last four quarters, but has not been able to exceed consensus EPS estimates during the same period [2] 分组2 - The stock has underperformed significantly, losing about 70.9% since the beginning of the year, while the S&P 500 has gained 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.18 on revenues of $9.05 million, and for the current fiscal year, it is -$0.60 on revenues of $30.41 million [7] - The Automotive - Original Equipment industry, to which Innoviz belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges ahead [8]

Innoviz Technologies .-Innoviz Technologies Ltd. (INVZ) Reports Q2 Loss, Tops Revenue Estimates - Reportify