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.
Photo: Courtesy of Julia Koblitz on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.