Lannett: Fiscal 1Q Earnings Snapshot
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.