InnovAge Swings to Fiscal Q4 Profit, Revenue Rises; Shares Gain After Hours
MT Newswires Live
Sep 09
InnovAge Holding (INNV) reported fiscal Q4 net income late Tuesday of $0.06 per diluted share, swinging from the loss of $0.01 a year earlier.
Two analysts surveyed by FactSet expected earnings of $0.09.
Revenue in the three months ended June 30 rose to $262 million from $221.4 million a year earlier.
Three analysts projected $238.3 million.
The company expects fiscal 2027 revenue of $1.05 billion to $1.085 billion. Three analysts project $1.04 billion.
InnovAge shares jumped 10% in after-hours trading.
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