InnovAge Holding Q2 EPS $(0.03), Inline, Total revenues $188.90M Beat $183.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
InnovAge Holding (NASDAQ:INNV) reported Q2 earnings with losses of $(0.03) per share, meeting analyst estimates, and a 57.14% improvement from last year. Quarterly sales were $188.90M, surpassing estimates by 2.71% and marking a 12.80% increase from the previous year.
February 06, 2024 | 9:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
InnovAge Holding reported a narrower loss of $(0.03) per share in Q2, in line with estimates, and a 12.80% increase in sales to $188.90M, beating estimates.
The reported earnings show a significant improvement in losses and a strong increase in sales compared to the same period last year. Meeting the EPS estimate and exceeding revenue forecasts are positive indicators that could lead to a short-term positive impact on INNV's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100