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Innoviva: 3Q Earnings Snapshot

·1 min read

BURLINGAME, Calif. (AP) _ Innoviva Inc. (INVA) on Wednesday reported third-quarter net income of $28.2 million.

The Burlingame, California-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs, were 46 cents per share.

The biopharmaceutical company posted revenue of $88.7 million in the period.

Innoviva shares have dropped 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.33, a decline of 16% 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