InnovAge Holding Q4 EPS $(0.09) Misses $(0.03) Estimate, Sales $176.87M Beat $173.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
InnovAge Holding (NASDAQ:INNV) reported Q4 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.03) by 200 percent. However, the company's quarterly sales of $176.87 million beat the analyst consensus estimate of $173.58 million by 1.90 percent, marking a 2.32 percent increase over the same period last year.
September 12, 2023 | 8:52 pm
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InnovAge's Q4 earnings per share missed estimates by a significant margin, but sales exceeded expectations and showed YoY growth.
InnovAge's Q4 earnings per share missed analyst estimates by a significant 200%, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates and showed a YoY increase, which could partially offset the negative impact of the earnings miss.
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