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Catalent: Fiscal 4Q Earnings Snapshot

August 27, 2019

SOMERSET, N.J. (AP) _ Catalent Inc. (CTLT) on Tuesday reported fiscal fourth-quarter net income of $71.1 million.

On a per-share basis, the Somerset, New Jersey-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, came to 70 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The maker of drug delivery technologies posted revenue of $725.7 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $723 million.

For the year, the company reported profit of $137.4 million, or 90 cents per share. Revenue was reported as $2.52 billion.

Catalent expects full-year revenue in the range of $2.78 billion to $2.88 billion.

Catalent shares have risen 74% since the beginning of the year. The stock has climbed 29% in the last 12 months.

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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 CTLT at https://www.zacks.com/ap/CTLT

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