Avient (NYSE:AVNT) reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:04 AM.
Here’s what investors need to know about the announcement.
Earnings
Avient beat estimated earnings by 14.55%, reporting an EPS of $0.63 versus an estimate of $0.55.
Revenue was down $448.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 0.83% drop in the share price the next day.
Here’s a look at Avient’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.24 | 0.59 | 0.92 | 0.95 |
| EPS Actual | 0.39 | 0.59 | 0.98 | 0.99 |
| Revenue Estimate | 761.90M | 850.24M | 1.31B | 1.26B |
| Revenue Actual | 790.40M | 823.30M | 1.30B | 1.29B |
To track all earnings releases for Avient visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
