Yahoo Finance Invitae Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Invitae (NYSE:NVTA) Third Quarter 2022 Results
Key Financial Results
Revenue: US$133.5m (up 17% from 3Q 2021).
Net loss: US$301.2m (loss widened by 52% from 3Q 2021).
US$1.27 loss per share (further deteriorated from US$0.91 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Invitae Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's shares are down 15% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Invitae (1 can't be ignored!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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