Innoviva Third Quarter 2024 Earnings: EPS: US$0.019 (vs US$1.26 in 3Q 2023)

Innoviva (NASDAQ:INVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$89.5m (up 33% from 3Q 2023).
• Net income: US$1.21m (down 99% from 3Q 2023).
• Profit margin: 1.4%.
• EPS: US$0.019 (down from US$1.26 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Innoviva Earnings Insights

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Innoviva (of which 1 is potentially serious!) you should know about.

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