Sagent Pharmaceuticals (SGNT) Misses Q1 EPS by 16c

Sagent Pharmaceuticals (NASDAQ: SGNT) reported Q1 EPS of ($0.15), $0.16 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $67.3 million versus the consensus estimate of $74.3 million.

Sagent’s business plan for fiscal 2016 currently anticipates:

• Net revenue for the year to be in the range of $325 to $365 million;
• Adjusted Gross Profit as a percentage of net revenue in the range of 27% to 30%; and
• Operating expenses in the range of $70 to $80 million.

For earnings history and earnings-related data on Sagent Pharmaceuticals (SGNT) click here.

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