Maravai LifeSciences: Q3 Earnings Insights

Maravai LifeSciences MRVI reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.

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

Earnings

Maravai LifeSciences missed estimated earnings by 200.0%, reporting an EPS of $-0.01 versus an estimate of $0.01.

Revenue was down $124.40 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 0.73% increase in the share price the next day.

Here's a look at Maravai LifeSciences's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.01 0.04 0.34 0.33
EPS Actual 0 0.03 0.35 0.37
Revenue Estimate 70.30M 79.72M 204.93M 195.10M
Revenue Actual 68.91M 79.03M 204.71M 191.26M

To track all earnings releases for Maravai LifeSciences visit their earnings calendar here.

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

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MRVIMaravai LifeSciences Holdings Inc
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