FX.co ★ Avantor, Inc Q4 Profit Decreases, but beats estimates

Avantor, Inc. (AVTR) recently released its earnings report for the fourth quarter, which shows a decrease from the same period in the previous year. However, the figures exceeded the estimates given by Wall Street.

Avantor's net income was reported to be $98.5 million, representing earnings of $0.15 per share. This can be compared with its fourth-quarter performance in the previous year, where the company had a net income of $141.7 million, or $0.21 per share.

When excluding certain items, Avantor's adjusted earnings for the period came to $166.7 million, or $0.25 per share. Analysts had, on average, predicted that the company would earn $0.22 per share. This figure is sourced from Thomson Reuters and typically does not take special items into account.

Avantor also saw its quarterly revenue decrease by 4.1%. The company's report reveals a revenue earning of $1.722 billion, down from $1.795 billion in the same quarter of the previous year.

Here's a quick review of Avantor's fourth-quarter earnings (under GAAP standards):

- Earnings: $98.5 million this year vs. $141.7 million in the previous year

- Earnings Per Share (EPS): $0.15 this year vs. $0.21 last year

- Analyst Estimates: $0.22 per share

- Revenue: $1.722 billion this year vs. $1.795 billion last year.