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.（纳斯达克：CDMO）的股票周三上涨，因公司报告2024财年第四季度销售额超出预期。
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.
详情：Avid在周二收市后公布了第四季度财报。公司每股亏损1.94美元，低于分析师预期的每股亏损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，公司报告销售额为4300万美元，超出分析师预期的4214万美元。这个数字代表了销售额同比增长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还发布了2025财年的指导意见。公司预计营业收入在1.6亿美元至1.68亿美元之间，而分析师预计为1.64亿美元。
"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.
“我们创造了Avid历史上最高的季度收入，符合我们当前的收入预期。在这段时间里，我们签署了多个新项目协议，我们继续看到业务开发方面的积极迹象，”Avid Bioservices的首席执行官Nick Green说。
Analyst Changes: Following the earnings report, one analyst issued a price target adjustment.
分析师变动：在收益报告之后，一位分析师发布了价格目标调整。
- RBC Capital analyst Sean Dodge reiterates Avid Bioservices with a Outperform and maintains $8 price target.
- RBC Capital分析师Sean Dodge重申了Avid Bioservices的“Outperform”评级，并维持了8美元的价格目标。
Related Link: Senti Biosciences (SNTI) Stock Is Up Over 100%: What's Happening?
基金 Senti Biosciences（SNTI）股票上涨超过100％：发生了什么事？
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价格行动：截至撰写本文时，根据Benzinga Pro的数据，Avid的股票价格上涨了16.6％，为7.8美元。
Image: 5710164 from Pixabay.
图片：来自Pixabay的5710164。