Inovalon (INOV) Reports In-Line Q3 EPS; Lowers FY Outlook

Inovalon (NASDAQ: INOV) reported Q3 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $161.4 million versus the consensus estimate of $179.71 million.

GUIDANCE:

Inovalon sees FY2020 EPS of $0.57-$0.61, versus the consensus of $0.60. Inovalon lowers FY2020 revenue to $657-668 million, versus the prior view of $675-$698 million and consensus of $685.2 million.

For earnings history and earnings-related data on Inovalon (INOV) click here.

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