Avantor Q2 Adj. EPS $0.28 Misses $0.29 Estimate, Sales $1.74B Miss $1.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avantor (NYSE:AVTR) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 24.32% decrease from the same period last year. The company also reported quarterly sales of $1.74 billion, missing the analyst consensus estimate of $1.80 billion by 3.28%, a decrease of 8.95% from the same period last year.
July 28, 2023 | 10:06 am
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NEGATIVE IMPACT
Avantor's Q2 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Avantor's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100