InnovAge Posts Mixed Results; Lockheed Martin Bags $841.4M+ Contract Modification
- September 12th, 2023
- 442 views
InnovAge Holding Corp. (Nasdaq: INNV), a healthcare company, posted a fourth-quarter fiscal 2023 loss of $(0.09) per share, falling short of the consensus estimate loss of $(0.03). Nevertheless, the company reported quarterly sales of $176.87 million, surpassing analysts' revenue projection of $173.58 million for the period.
$INNV was trading at $6.17 in after-hours, down $0.33 (-5.08%).
In other news, Lockheed Martin Corp. (NYSE: LMT) secured an $841,490,130 firm-fixed-price, cost-plus-incentive-fee contract modification, which includes non-recurring site activation, initial sustainment, and related administrative support for the F-35 Joint Strike Fighter program. This modification serves the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-Department of Defense participants. The contract is managed by the Naval Air Systems Command in Patuxent River, Maryland.
In after-hours, $LMT was trading at $418.24, up $0.41 (+0.10%).
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