Lantheus Holdings (LNTH) Tops Q1 View

Lantheus Holdings (NASDAQ: LNTH) reported Q1 EPS of $0.34, which may not compare to the analyst estimate of $0.06. Revenue for the quarter came in at $76.5 million versus the consensus estimate of $72.43 million.

Mary Anne Heino, President and CEO commented, “We had a strong quarter, exceeding both our first quarter revenue and Adjusted EBITDA guidance. Our robust results were driven by continued excellent performance of DEFINITY in an increasingly competitive market and higher than forecasted sales of our nuclear products.”

Ms. Heino continued, “We are pleased to be raising our annual revenue and Adjusted EBITDA guidance despite the recent entrance into the U.S. market of a competitor to our Xenon product.”

GUIDANCE:

Lantheus Holdings sees FY2016 revenue of $287-292 million, versus the consensus of $287.4 million.

For earnings history and earnings-related data on Lantheus Holdings (LNTH) click here.

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