Does Innoviva’s Q2 Loss and Buyback-Fueled EPS Shift Change The Bull Case For INVA?
Innoviva, Inc. (INVA) reported Q2 revenue of $119.59 million, up from $100.28 million a year earlier, but shifted from net income of $63.69 million to a net loss of $83.42 million. Loss per share from continuing operations was $1.14. For six months, revenue rose to $217.59 million and net income to $103.18 million, and the company completed a $66.40 million buyback retiring 4.12% of shares.




