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Lannett: Fiscal 1Q Earnings Snapshot

November 7, 2018

PHILADELPHIA (AP) _ Lannett Co. (LCI) on Wednesday reported a fiscal first-quarter loss of $287.5 million, after reporting a profit in the same period a year earlier.

The Philadelphia-based company said it had a loss of $7.65 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 44 cents per share.

The generic drug company posted revenue of $155.1 million in the period.

Lannett expects full-year revenue in the range of $585 million to $615 million.

In the final minutes of trading on Wednesday, the company’s shares hit $4.30. A year ago, they were trading at $24.45.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LCI at https://www.zacks.com/ap/LCI

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