Cambrex Corp. (CBM) Gains as Q2 Tops Views, Guidance Raised

Before the open, Cambrex Corp. (NYSE: CBM) reported Q2 EPS of $0.68, $0.09 better than the analyst estimate of $0.59. Revenue for the quarter came in at $119.1 million versus the consensus estimate of $114.85 million.

The Company increased its financial guidance for full year sales and Adjusted EBITDA. The Company expects full year 2016 sales, excluding the impact of foreign currency, to increase between 10% and 13% compared to 2015. The Company expects Adjusted EBITDA to be between $144 and $149 million, a 12% to 16% increase compared to 2015.

Shares are up 4.3%.

For earnings history and earnings-related data on Cambrex Corp. (CBM) click here.

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