Innoviva: Q4 Earnings Snapshot

Published February 28, 2023 4:40 PM

BURLINGAME, Calif. (AP) — BURLINGAME, Calif. (AP) — Innoviva Inc. (INVA) on Tuesday reported a fourth-quarter loss of $68.3 million, after reporting a profit in the same period a year earlier.

The Burlingame, California-based company said it had a loss of 98 cents per share. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The biopharmaceutical company posted revenue of $65.8 million in the period.

For the year, the company reported profit of $213.9 million, or $2.37 per share. Revenue was reported as $331.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INVA at https://www.zacks.com/ap/INVA

Article Topic Follows: AP National Business

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