BUZZ-Avantor falls after Q4 sales miss

Reuters
02-07
BUZZ-Avantor falls after Q4 sales miss

** Life sciences firm Avantor's shares AVTR.K fall 4.37% to $20.75 premarket

** Co posts Q4 sales of $1.69 billion, which missed analysts' estimates of $1.71 billion, as per data compiled by LSEG

** Sales hurt by foreign currency and the divestiture of its clinical service business

** Co divested its clinical service business to Audax private equity firm in a deal valued at ~$650 million last year

** Sees 2025 adj profit in the range of $1.02 to $1.10 per share

** Analysts estimate annual profit of $1.10 per share

** Up to last close, stock had fallen 11.93% in the last 12 months

(Reporting by Siddhi Mahatole)

((siddhiprabhanjan.mahatole@thomsonreuters.com))

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