Why Shares Of Avantor Are Falling Today

Shares of Avantor Inc AVTR shares are down today following a worse-than-expected second-quarter earnings report.

Avantor reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.38 and reported quarterly sales of $1.91 billion which missed the analyst consensus estimate of $1.99 billion.

The company also cut its FY 2022 EPS guidance from $1.48-$1.54 to $1.43-$1.49, which is below the analyst estimate of $1.50. The company also cut its expected free cash flow from $1 Billion to $900 Million.

Price Target: Shares are down 11.8% as the price hovers at $28.25 during today’s pre-market session. 
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