12:12 PM EDT, 07/26/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Avantor's ( AVTR ) shares rose more than 12% in midday trading Friday after the company posted better-than-expected Q2 adjusted earnings.

The life science tools company reported Q2 adjusted earnings of $0.25 per diluted share, down from $0.28 a year earlier.

Analysts polled by Capital IQ expected $0.23.

Revenue for the quarter ended June 30 was $1.70 billion, compared with $1.74 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.70 billion.

Price: 25.68, Change: +2.86, Percent Change: +12.53