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Why Avantor Stock Crashed 10% Today

·2-min read

Shares of chemical reagents producer Avantor (NYSE: AVTR) are slumping today, down by 10.4% as of 2 p.m. ET, after the company posted a bit of a miss in its Q2 earnings report last night. Expected to earn $0.38 per share on sales of $2 billion, Avantor instead reported a profit of $0.37 per share and sales closer to $1.9 billion. The bad news is that the $0.37 per share that Avantor earned in its fiscal second quarter 2022 was only a pro forma number.