Roivant Sciences Swings to Fiscal Q4 Net Income, Revenue Decreases

MT Newswires Live

05/20

Roivant Sciences (ROIV) reported fiscal Q4 net income from continuing operations Wednesday of $0.28 per diluted share, swinging from a loss of $0.29 a year earlier.

Analysts polled by FactSet expected losses of $0.29.

Revenue for the quarter ended March 31 was $2.5 million, down from $7.6 million a year earlier.

Analysts surveyed by FactSet expected $3.4 million.

Shares of the company were up 3.2% in recent premarket trading.

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