Inotiv, Inc. (NOTV) Misses Q3 EPS by 13c

Inotiv, Inc. (NASDAQ: NOTV) reported Q3 EPS of ($0.15), $0.13 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $172.66 million versus the consensus estimate of $141.75 million.

Guidance:

Based on current conditions and outlook, the Company has updated its annual guidance as follows:

• Forecasted FY 2022 annual revenue of at least $550 million, up from prior annual revenue guidance of at least $510 million (Consensus of $510.2 million)
• Adjusted EBITDA margin for FY 2022 expected to be not less than 17.0% of forecasted annual revenues, up from prior guidance of an adjusted EBITDA margin of not less than 15.0% of forecasted annual revenues

For earnings history and earnings-related data on Inotiv, Inc. (NOTV) click here.

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