20.18
price down icon2.63%   -0.565
after-market After Hours: 20.23 0.055 +0.27%
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Why is Avantor Inc (AVTR) Stock down?

27 Oct, 2023:

Avantor Inc Stock (AVTR) dropped by 8.66% from $19.52 to $17.83 in the trading on Friday October 27, 2023. The reason why AVTR stock down today is due to its third-quarter financial results. Avantor, Inc released a profit for Q3 that decreased from last year but in line with the Street estimates.

  • Net sales of $1.72 billion, a decrease of 7.3% year-over-year. The company's net income for the quarter was $108.4 million.
  • Adjusted earnings of $171.6 million or $0.25 per share for the period, just in line with the average in analyst's expectation.
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