InnovAge Holding shares surge 41.17% intraday after Q2 EPS and revenue beat estimates.

InnovAge Holding surged 41.17% intraday following the release of its second-quarter earnings report, which exceeded estimates. The company reported EPS of $0.080, $0.04 above the $0.040 analyst consensus, and revenue of $239.71M, surpassing the projected $228.4M. The strong performance highlighted improved profitability and demand, driving immediate investor optimism. While the stock closed at $5.63, the intraday spike reflects acute positive sentiment triggered by the earnings beat and revenue outperformance, aligning with its broader 67.81% annual gains. The mixed EPS revisions over the past 90 days suggest ongoing volatility, but the recent results appear to have recalibrated market expectations upward.