Innovate Q2 EPS $(0.13) Up From $(0.18) YoY, Sales $368.80M Down From $392.20M YoY
Portfolio Pulse from sunil@benzinga.com
Innovate (NYSE:VATE) reported Q2 losses of $(0.13) per share, a 27.78% improvement from $(0.18) per share YoY. However, sales decreased by 5.97% to $368.80M from $392.20M YoY.
August 09, 2023 | 8:39 pm
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NEUTRAL IMPACT
Innovate's Q2 earnings report shows an improvement in EPS losses but a decrease in sales YoY.
While Innovate's EPS losses have improved, the decrease in sales could be a concern for investors. The mixed results make the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100