Lannett (LCI) Tops Q4 EPS by 10c; Guides FY15 Revs Above Expectations

(Updated - August 27, 2014 3:32 PM EDT)

Lannett (NYSE: LCI) reported Q4 EPS of $0.64, $0.10 better than the analyst estimate of $0.54. Revenue for the quarter came in at $80.6 million versus the consensus estimate of $79.5 million.

Based on Lannett¡¦s current outlook, the company provided financial guidance for the fiscal 2015 full year, which significantly exceeds fiscal 2014, as follows:

• Net sales in the range of $350 million to $370 million. (The Street sees $349.6 million.);
• Gross margin as a percentage of net sales of approximately 70% to 72%;
• R&D expense in the range of $36 million to $38 million;
• SG&A expense ranging from $47 million to $49 million;
• The full year effective tax rate to be in the range of 36% to 38%; and
• Capital expenditures in fiscal 2015 in the range of $40 million to $50 million, which includes $7 million to continue the partial fit-out of two buildings recently acquired by the company.

For earnings history and earnings-related data on Lannett Comp (LCI) click here.

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