CDMO missed EPS expectations by 125.19%
Jan 28, 2025, 11:34 AM
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What does CDMO do
Avid Bioservices, based in Tustin, California, specializes in the clinical and commercial manufacturing of biologics with 371 employees. They offer extensive services for biotechnology and biopharmaceutical industries, distributing products to over 90 countries.
Avid Bioservices (CDMO) reported a negative EPS surprise in its most recent quarterly earnings. For the most recent quarter, Avid Bioservices's actual EPS was -$0.27, missing the estimate of -$0.12 per share, resulting in a -125.19% surprise.
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