Lannett (LCI) Tops Q4 EPS by 14c, FY17 Guidance Tops Consensus
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Lannett Announces Record Net Sales For Fiscal 2016 Fourth-Quarter And Full-Year
August 23, 2016 4:15 PM EDTPHILADELPHIA, Aug. 23, 2016 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2016 fourth quarter and full year ended June 30, 2016. As previously announced, the company completed the acquisition of Kremers Urban Pharmaceuticals Inc. (KU) on November 25, 2015. Accordingly, fiscal 2016 fourth-quarter and full-year financial results include the operations of KU since the acquisition date.Â
"Our record net sales for the fourth quarter were driven by the addition of KU's operations and higher sales of key products," said Arthur Bedrosian,... More
