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Innoviva: 1Q Earnings Snapshot

BRISBANE, Calif. (AP) _ Innoviva Inc. (INVA) on Wednesday reported first-quarter profit of $33.8 million.

The Brisbane, California-based company said it had net income of 31 cents per share.

The biopharmaceutical company posted revenue of $55.2 million in the period.

Innoviva shares have decreased 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.95, a decrease of 4.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INVA at https://www.zacks.com/ap/INVA