Avantor (NYSE:AVTR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.71b (flat on 3Q 2023).
- Net income: US$57.8m (down 47% from 3Q 2023).
- Profit margin: 3.4% (down from 6.3% in 3Q 2023).
- EPS: US$0.085 (down from US$0.16 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avantor EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Avantor that you need to take into consideration.
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About NYSE:AVTR
Avantor
Engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa.
Good value with moderate growth potential.