Recap: Avid Bioservices Q3 Earnings

Avid Bioservices CDMO reported its Q3 earnings results on Tuesday, March 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Avid Bioservices reported in-line EPS of $0.04 versus an estimate of $0.04.

Revenue was up $9.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 1.33% drop in the share price the next day.

Here's a look at Avid Bioservices's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.02 0.04   -0.03
EPS Actual 0.06 0.10 -0.04 0.01
Revenue Estimate 24.02M 27.81M 21.60M 19.07M
Revenue Actual 26.11M 30.75M 27.61M 21.81M

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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