RTTNews | Nov 10, 2020 04:16PM EST

16:16 Tuesday, November 10, 2020 (RTTNews.com) - Identive Group (INVE) released earnings for third quarter that dropped from last year.

The company's bottom line came in at $114 million, or $0.01 per share. This compares with $807 million, or $0.05 per share, in last year's third quarter.

Analysts had expected the company to earn $0.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.9% to $24.86 million from $23.03 million last year.

Identive Group earnings at a glance:

-Earnings (Q3): $114 Mln. vs. $807 Mln. last year.-EPS (Q3): $0.01 vs. $0.05 last year.-Analysts Estimate: $0.00-Revenue (Q3): $24.86 Mln vs. $23.03 Mln last year.

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