Maravai LifeSciences Q4 2023 Adj EPS $0.01 Beats $(0.01) Estimate, Sales $74.14M Beat $64.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Maravai LifeSciences (NASDAQ:MRVI) reported Q4 2023 adjusted EPS of $0.01, surpassing the $(0.01) estimate, with sales of $74.14M beating the $64.38M estimate, a 63.78% decrease from last year's $204.71M.
February 22, 2024 | 9:11 pm
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Maravai LifeSciences reported a Q4 2023 adjusted EPS of $0.01, beating estimates, with sales of $74.14M also surpassing expectations but showing a significant year-over-year decrease.
The positive earnings and sales beat are likely to have a short-term positive impact on MRVI's stock price, as beating estimates typically boosts investor confidence. However, the significant year-over-year sales decrease might temper optimism, suggesting a cautious optimism approach.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100