Innoviva (INVA) Tops Q4 EPS by 13c, Beats on Revenues

Innoviva (NASDAQ: INVA) reported Q4 EPS of $0.55, $0.13 better than the analyst estimate of $0.42. Revenue for the quarter came in at $70.5 million versus the consensus estimate of $67.41 million.

• Royalties earned of $70.5 million in the fourth quarter of 2017, up 51% from the fourth quarter of 2016.
• Royalties earned in 2017 reached $227.9 million, up 56% from 2016.
• Net income attributable to Innoviva stockholders of $58.4 million for the fourth quarter of 2017 (up 129% from the fourth quarter of 2016), or $0.55 per basic share.

For earnings history and earnings-related data on Innoviva (INVA) click here.

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