Lannett: Fiscal 2Q Earnings Snapshot
PHILADELPHIA (AP) _ Lannett Co. (LCI) on Wednesday reported fiscal second-quarter net income of $12.4 million.
The Philadelphia-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The generic drug company posted revenue of $193.7 million in the period.
Lannett expects full-year revenue in the range of $615 million to $635 million.
Lannett shares have risen 72 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.52, a decrease of 57 percent in the last 12 months.