Emergent BioSolutions Reports Mixed Results for Q4

Emergent BioSolutions (NYSE:EBS) reported fourth-quarter earnings that beat top-line expectations but missed on profit estimates. The company, which focuses on drugs, vaccines, and medical devices that address emerging public health threats, grew its revenue by 33% to $360.4 million, beating the analysts' consensus expectation of $357 million. Adjusted earnings per share were $1.57, which was slightly more than twice its EPS from the year-ago period, but below the $1.73 analysts were expecting.