Avantor Reports Third Quarter 2019 Results
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Avatar Holdings, Inc. (AVTR) Reports In-Line Q3 EPS, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus, Confirms FY19 EPS Outlook
November 5, 2019 6:14 AM ESTAvatar Holdings, Inc. (NYSE: AVTR) reported Q3 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.53 billion.
"We are pleased to report another quarter of good growth, strong cash generation and deleveraging," said Michael Stubblefield, Chief Executive Officer of Avantor. "While a one-time item in the prior-year quarter diluted top line growth by approximately 2%, we achieved mid-single-digit growth in our core business, which continues to reflect the strength of... More
