INNOVATE (NYSE:VATE) Announces Quarterly Earnings Results

INNOVATE (NYSE:VATE - Get Free Report) released its earnings results on Monday. The company reported ($1.29) EPS for the quarter, Zacks reports. The firm had revenue of $236.60 million during the quarter.

INNOVATE Stock Down 5.0 %

INNOVATE stock traded down $0.31 during trading hours on Friday, hitting $5.77. The stock had a trading volume of 146,318 shares, compared to its average volume of 191,988. The stock's 50-day moving average price is $9.82 and its 200-day moving average price is $6.82. The stock has a market capitalization of $76.45 million, a P/E ratio of -1.61 and a beta of 2.82. INNOVATE has a 12-month low of $3.25 and a 12-month high of $13.79.

INNOVATE Company Profile

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.