Benzinga | Sep 1, 2020 04:06PM EDT

Avid Bioservices Q1 EPS $0.06 Beats $(0.07) Estimate, Sales $25.40M Beat $16.50M Estimate

Avid Bioservices (NASDAQ:CDMO) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.07) by 185.71 percent. This is a 175 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $25.40 million which beat the analyst consensus estimate of $16.50 million by 53.94 percent. This is a 66.51 percent increase over sales of $15.25 million the same period last year.