Innventure (NASDAQ:INV) Announces Quarterly Earnings Results

Key Points

• Innventure reported a quarterly loss of ($1.60) earnings per share, significantly missing expectations of ($0.17) by ($1.43).
• The company's revenue for the quarter was $0.48 million, below the analysts' forecast of $0.69 million.
• Innventure's stock fell by 6.6%, closing at $4.39 with 291,963 shares traded, compared to its average volume of 435,797.

Innventure (NASDAQ:INV - ) issued its quarterly earnings results on Thursday. The company reported ($1.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($1.43), Zacks reports. Innventure had a negative return on equity of 36.25% and a negative net margin of 18,022.23%. The business had revenue of $0.48 million for the quarter, compared to analysts' expectations of $0.69 million.

Innventure Stock Down 6.6%

NASDAQ INV traded down $0.31 during trading hours on Friday, hitting $4.39. 291,963 shares of the company's stock were exchanged, compared to its average volume of 435,797. The business's 50 day moving average is $4.99 and its 200-day moving average is $6.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.11 and a current ratio of 0.22. Innventure has a 12-month low of $3.00 and a 12-month high of $18.75.

Hedge Funds Weigh In On Innventure

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Innventure by 60.1% in the second quarter. Geode Capital Management LLC now owns 312,201 shares of the company's stock valued at $1,499,000 after buying an additional 117,162 shares during the period. Goldman Sachs Group Inc. grew its stake in Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company's stock worth $853,000 after buying an additional 39,636 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Innventure in the second quarter worth $354,000. Finally, Jane Street Group LLC purchased a new position in shares of Innventure in the 1st quarter valued at $172,000. Hedge funds and other institutional investors own 55.98% of the company's stock.

Innventure Company Profile

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.

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