Why Avid Bioservices Stock Is Moving Higher Wednesday
Why Avid Bioservices Stock Is Moving Higher Wednesday
Avid Bioservices, Inc. (NASDAQ:CDMO) shares are trading higher on Wednesday following the company reporting better-than-expected 2024 fiscal-year fourth quarter sales.
Avid Bioservices，Inc.（納斯達克：CDMO）的股票週三上漲，因公司報告2024財年第四季度銷售額超出預期。
The Details: Avid reported fourth quarter financial results on Tuesday after the market closed. The company reported a loss of $1.94 per share missing analyst estimates of a loss of 4 cents per share.
詳情：Avid在週二收市後公佈了第四季度業績。公司每股虧損1.94美元，低於分析師預期的每股虧損4美分。
In addition, the company reported sales of $43 million beating analyst estimates of $42.14 million. This figure represents a 8.04% increase in sales year-over-year.
此外，公司報告銷售額爲4300萬美元，超出分析師預期的4214萬美元。這個數字代表了銷售額同比增長8.04％。
Avid also issued guidance for the 2025 fiscal year. The company sees revenue between $160 million and $168 million versus analyst estimates of $164 million.
Avid還發布了2025財年的指導意見。公司預計營業收入在1.6億美元至1.68億美元之間，而分析師預計爲1.64億美元。
"We generated the highest quarterly revenues in Avid's history, meeting our current revenue expectations for the year. During the period we signed multiple new project agreements, and we continue to see positive signs for business development in the year ahead," said Nick Green, CEO of Avid Bioservices.
“我們創造了Avid歷史上最高的季度收入，符合我們當前的收入預期。在這段時間裏，我們簽署了多個新項目協議，我們繼續看到業務開發方面的積極跡象，”Avid Bioservices的首席執行官Nick Green說。
Analyst Changes: Following the earnings report, one analyst issued a price target adjustment.
分析師變動：在收益報告之後，一位分析師發佈了價格目標調整。
- RBC Capital analyst Sean Dodge reiterates Avid Bioservices with a Outperform and maintains $8 price target.
- RBC Capital分析師Sean Dodge重申了Avid Bioservices的“Outperform”評級，並維持了8美元的價格目標。
Related Link: Senti Biosciences (SNTI) Stock Is Up Over 100%: What's Happening?
基金 Senti Biosciences（SNTI）股票上漲超過100％：發生了什麼事？
CDMO Price Action: At the time of writing, Avid stock is trading 16.6% higher at $7.8, according to data from Benzinga Pro.
CDMO價格行動：截至撰寫本文時，根據Benzinga Pro的數據，Avid的股票價格上漲了16.6％，爲7.8美元。
Image: 5710164 from Pixabay.
圖片：來自Pixabay的5710164。
譯文內容由第三人軟體翻譯。