Invitae Q3 EPS $(0.10) Beats $(0.31) Estimate, Sales $121.24M Beat $121.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Invitae (NYSE:NVTA) reported Q3 earnings per share of $(0.10), beating the analyst consensus estimate of $(0.31) by 67.74%. This is a 76.19% increase over losses from the same period last year. The company also reported quarterly sales of $121.24 million, beating the analyst consensus estimate of $121.02 million by 0.18%, but this is a 9.21% decrease over sales from the same period last year.
November 08, 2023 | 9:35 pm
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NEUTRAL IMPACT
Invitae's Q3 earnings per share and sales beat analyst estimates, but sales decreased compared to the same period last year.
Invitae's Q3 earnings per share beat analyst estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year could negatively impact the stock. Therefore, the overall impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100