Avid Bioservices Reports Financial Results for First Quarter Fiscal 2019 and Recent Developments
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Go back to Avid Bioservices Reports Financial Results for First Quarter Fiscal 2019 and Recent Developments
September 11, 2018 7:12 AM EDT
H.C. Wainwright analyst Joseph Pantginis raised the price target on Avid Bioservices (NASDAQ: CDMO) to $11.00 (from $6.00) while maintaining a Buy rating.
Pantginis commented, "Yesterday, CDMO reported F1Q19 results, posting EPS of ($0.06), compared with our estimate of ($0.01) and consensus of ($0.13). Revenue for the first quarter was $12.58 million compared with our estimate of $12.87 million and consensus of $8.96 million. Avid ended the quarter with $37.5 million in cash. Management reaffirmed its F2019 revenue guidance of $51-55 million. Under... More
September 10, 2018 4:23 PM EDT
Avid Bioservices (NASDAQ: CDMO) reported Q1 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09).
For earnings history and earnings-related data on Avid Bioservices (CDMO) click here.
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