Maravai LifeSciences soars on surprise Q4 profit

Maravai Lifesciences Holdings

23/02/2024 17:36

(Updates)
    ** Shares of biotech co Maravai LifeSciences Holdings
 MRVI.O  up as much as 65.5% to $8.46, biggest one-day pct jump,
if gains hold 
    ** Co late on Thursday reported quarterly adj profit of 1
cent per share vs analysts' estimates for a 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 53.3% in the last 12 months 

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