Avantor Q4 Adjusted EPS $0.25 Beats $0.22 Estimate, Sales $1.72B Beat $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avantor (NYSE:AVTR) reported Q4 adjusted EPS of $0.25, surpassing the $0.22 estimate, with sales of $1.72B also beating the $1.70B estimate. However, this represents a decrease from the previous year's earnings and sales.
February 14, 2024 | 11:01 am
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POSITIVE IMPACT
Avantor's Q4 earnings and sales exceeded analyst expectations, indicating a strong performance despite a year-on-year decline.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-on-year decline in both metrics may temper some of the positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100