Recap: Avid Bioservices Q3 Earnings - Avid Bioservices (NASDAQ:CDMO)

Avid Bioservices CDMO reported its Q3 earnings results on Tuesday, March 8, 2022 at 04:00 PM.

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

Avid Bioservices reported in-line EPS of $0.04 versus an estimate of $0.04.

Revenue was up $9.70 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 1.33% drop in the share price the next day.

Here's a look at Avid Bioservices's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.02	0.04		-0.03
EPS Actual	0.06	0.10	-0.04	0.01
Revenue Estimate	24.02M	27.81M	21.60M	19.07M
Revenue Actual	26.11M	30.75M	27.61M	21.81M

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