Lannett (LCI) Tops Q1 EPS by 2c, Raises FY15 Revenue Guidance

Lannett (NYSE: LCI) reported Q1 EPS of $0.94, $0.02 better than the analyst estimate of $0.92. Revenue for the quarter came in at $93.4 million versus the consensus estimate of $93.3 million.

Lannett sees FY2015 revenue of $370-390 million, versus prior guidance of $350-370 million and the consensus of $359.70 million. Gross margin as a percentage of net sales of approximately 73% to 75%, up from 70% to 72%.

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

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