Maravai LifeSciences rises on surprise Q4 profit

Maravai Lifesciences Holdings

23/02/2024 13:21

** Shares of biotech co Maravai LifeSciences Holdings
 MRVI.O  rise 29.8% to $6.63 premarket 
    ** Co late on Thursday reported quarterly adj profit of 1
cent per share vs analysts' estimates for loss of 1 cent per
share - LSEG data 
    ** Co posted Q4 revenue of $74.14 mln, beating estimates of
$64.38 mln
     ** Sees 2024 revenue in the range of $265 mln to $285 mln
vs analysts' estimates of $271.88 mln
    ** Stock has fallen 63% in the last 12 months 


 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))