Innovate Q2 EPS $0.10 Up From $(0.13) YoY, Sales $313.10M Beat $248.10M Estimate
Portfolio Pulse from totan@benzinga.com
Innovate (NYSE:VATE) reported Q2 earnings of $0.10 per share, a significant improvement from a loss of $(0.13) per share YoY. Quarterly sales were $313.10 million, beating the $248.10 million estimate but down 15.10% from $368.80 million YoY.
August 07, 2024 | 8:24 pm
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Innovate (NYSE:VATE) reported Q2 earnings of $0.10 per share, a significant improvement from a loss of $(0.13) per share YoY. Quarterly sales were $313.10 million, beating the $248.10 million estimate but down 15.10% from $368.80 million YoY.
The significant improvement in EPS from a loss to a profit and the substantial beat on sales estimates are positive indicators for Innovate's stock. However, the YoY decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100