Avantor Q1 2024 Adj EPS $0.22 Beats $0.20 Estimate, Sales $1.680B Miss $1.682B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avantor reported Q1 2024 adjusted EPS of $0.22, surpassing the $0.20 estimate, but its sales of $1.680B fell short of the $1.682B forecast, marking a 5.65% decrease from the previous year.
April 26, 2024 | 10:01 am
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Avantor's Q1 2024 earnings surpassed estimates with an EPS of $0.22, but sales slightly missed expectations, showing a 5.65% YOY decrease.
The mixed results with an earnings beat but a slight miss on sales and a year-over-year decrease might lead to neutral market sentiment. The earnings beat could be seen positively, but the sales miss and decrease in sales compared to the previous year could offset gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100