March 10, 2020 / 8:34 PM / 22 days ago

BRIEF-Avid Bioservices Reports Q3 Loss Per Share $0.06

March 10 (Reuters) - Avid Bioservices Inc:

* AVID BIOSERVICES REPORTS FINANCIAL RESULTS FOR THIRD QUARTER FISCAL 2020 AND RECENT DEVELOPMENTS

* Q3 LOSS PER SHARE $0.06

* Q3 REVENUE $13.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $15.4 MILLION

* Q3 EARNINGS PER SHARE ESTIMATE $-0.04 — REFINITIV IBES DATA

* ADJUSTING FISCAL 2020 PROJECTED REVENUE TO $55 MILLION TO $59 MILLION

* TEMPORARY PRODUCTION INTERRUPTION RESULTED IN LOWER REVENUE AND PROFITS FOR Q3

* ANTICIPATE THAT PRODUCTION INTERRUPTION IMPACT WILL BE CONTAINED TO FISCAL 2020 Source text for Eikon: Further company coverage:

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