Catalent: Fiscal 4Q Earnings Snapshot
SOMERSET, N.J. (AP) _ Catalent Inc. (CTLT) on Tuesday reported fiscal fourth-quarter earnings of $82.7 million.
The Somerset, New Jersey-based company said it had net income of 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 67 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The maker of drug delivery technologies posted revenue of $685.3 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $686.1 million.
For the year, the company reported profit of $83.6 million, or 63 cents per share. Revenue was reported as $2.46 billion.
Catalent expects full-year revenue in the range of $2.5 billion to $2.59 billion.
Catalent shares have increased slightly more than 6 percent since the beginning of the year. The stock has increased 24 percent in the last 12 months.