Edition:
United Kingdom

Lannett Company Q2 Adjusted Earnings Per Share $0.86


Wednesday, 6 Feb 2019 

Lannett Company Inc ::LANNETT ANNOUNCES RECORD NET SALES IN THE FISCAL 2019 SECOND-QUARTER FINANCIAL RESULTS; RAISES GUIDANCE FOR FISCAL 2019.Q2 ADJUSTED EARNINGS PER SHARE $0.86.Q2 EARNINGS PER SHARE $0.32.Q2 SALES $193.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $162.4 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.$33 MILLION NET COST REDUCTION PLAN WELL UNDERWAY.RAISED FINANCIAL GUIDANCE FOR FISCAL 2019.$33 MILLION NET COST REDUCTION PLAN WELL UNDERWAY.BY END OF FISCAL 2020 COMPANY IS ON TRACK TO REPLACE A SUBSTANTIAL MAJORITY OF NORMALIZED GROSS PROFIT FROM LEVOTHYROXINE.SEES 2019 NET SALES $615 MILLION TO $635 MILLION.