Invitae: Q1 Earnings Insights

Invitae (NYSE:NVTA) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Invitae beat estimated earnings by 5.13%, reporting an EPS of $-0.37 versus an estimate of $-0.39.

Revenue was down $6.33 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.19 which was followed by a 21.86% drop in the share price the next day.

Here's a look at Invitae's past performance:

QuarterQ4 2022Q3 2022Q2 2022Q1 2022EPS EstimateEPS ActualRevenue EstimateRevenue Actual
-0.53 -0.63 -0.76 -0.76 -0.34 -0.42 -0.68 -0.78 121.28M 131.35M 136.85M 128.13M 122.45M 133.54M 136.62M 123.69M

To track all earnings releases for Invitae visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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