Innovate Q1 EPS $(0.22) Down From $(0.13) YoY, Sales $315.20M Down From $317.90M YoY
Portfolio Pulse from Benzinga Newsdesk
Innovate (NYSE:VATE) reported a Q1 EPS of $(0.22), a 69.23% decrease from $(0.13) YoY, with sales of $315.20M, down 0.85% from $317.90M YoY.
May 07, 2024 | 9:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Innovate reported a significant decrease in EPS and a slight decrease in sales YoY for Q1.
The reported decrease in both EPS and sales indicates a negative performance for the quarter, which is likely to impact investor sentiment and potentially the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100