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0 0.00907029478458051 0.0158730158730159 0.018140589569161 0.00680272108843543 -0.0249433106575964 -0.0158730158730159 -0.0249433106575964
Stock impact report

Inotiv Shares Rise 22% After Narrower-Than-Expected 1Q Loss [MarketWatch]

Inotiv, Inc. (NOTV) 
Company Research Source: MarketWatch
The contract research company said it had a quarterly loss of $15.4 million, or 60 cents a share, compared with a loss of $87.3 million, or $3.41 a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $14.1 million, or 88 cents a share. Advertisement Revenue for the quarter was $135.5 million, compared with last year's $122.8 million and the $132.9 million analysts were expecting. The quarter's revenue was driven by an increase of $9.1 million in Research Models and Services revenue, and an increase of $3.6 million in Discovery and Safety Assessment. Inotiv is expecting fiscal 2024 revenue to be $580 million to $590 million, while analysts are looking for revenue of $578.2 million. Write to Chris Wack at chris.wack@wsj.com Show less Read more
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