How did MRVI's Q1 2024 EPS surprise impact its stock price?

Maravai's (MRVI) Q1 2024 EPS surprise had a negative impact on its stock price. The company reported a diluted EPS of -$0.09, which was a surprise of -0.06, indicating that the actual EPS was lower than expected. Following the earnings release, the stock price fell by 2.58% to $1.99. This suggests that investors reacted negatively to the negative EPS surprise, leading to a decline in the stock price.

|code|Ticker|Name|Date|Closing Price|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|MRVI|MRVI.O|Maravai|20230403|13.56|||185|
|MRVI|MRVI.O|Maravai|20230404|13.56|||185|
|MRVI|MRVI.O|Maravai|20230405|13.52|||185|
|MRVI|MRVI.O|Maravai|20230406|13.68|||185|
|MRVI|MRVI.O|Maravai|20230410|13.94|||185|
|MRVI|MRVI.O|Maravai|20230411|13.71|||185|
|MRVI|MRVI.O|Maravai|20230412|13.75|||185|
|MRVI|MRVI.O|Maravai|20230413|14.04|||185|
|MRVI|MRVI.O|Maravai|20230414|14.11|||185|
|MRVI|MRVI.O|Maravai|20230417|14.14|||185|