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Innoviva: 4Q Earnings Snapshot

BRISBANE, Calif. (AP) _ Innoviva Inc. (INVA) on Wednesday reported fourth-quarter net income of $263.8 million.

On a per-share basis, the Brisbane, California-based company said it had profit of $2.34.

The biopharmaceutical company posted revenue of $79.9 million in the period.

For the year, the company reported profit of $395.1 million, or $3.53 per share. Revenue was reported as $261 million.

Innoviva shares have declined 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.34, an increase of nearly 10 percent 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