Why InnovAge Holdings Plummeted Almost 25% Today

·2-min read
Why InnovAge Holdings Plummeted Almost 25% Today

InnovAge Holdings (NASDAQ:INNV), a company that specializes in managed care of the elderly, saw its stock wither by 24.9% on Wednesday. For its Q4 of fiscal 2022, InnovAge managed to grow its revenue by nearly 13% on a year-over-year basis to $171.6 million. Finance, the handful of analysts tracking InnovAge stock were expecting $161 million on the top line, but $0.06 per share for net profit.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting