Innoviva Q3 EPS $0.98, Sales $67.26M Miss $75.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innoviva reported Q3 earnings of $0.98 per share, beating the analyst consensus estimate of $0.27 by 262.96 percent. However, this is a 65 percent decrease from last year's earnings. The company's quarterly sales of $67.26 million missed the analyst consensus estimate of $75.65 million by 11.09 percent, but remained the same as last year's sales.
November 01, 2023 | 9:40 pm
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Innoviva's Q3 earnings exceeded analyst expectations but are down from last year. Sales missed estimates but are consistent with last year.
Innoviva's earnings beat analyst expectations, which could have a positive impact on the stock. However, the decrease in earnings from last year and the missed sales estimates could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100