ACETO Corp (NASDAQ: ACET) reported Q4 EPS of $0.27, $0.17 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $194.6 million versus the consensus estimate of $184.5 million.

Fiscal 2018 Guidance

For the fiscal year ending June 30, 2018, at current exchange rates, ACETO is providing financial guidance as follows:

• Total revenues to increase approximately 20% to 25%;
• Reported diluted GAAP earnings per share to increase to between $0.55 and $0.70; and
• Diluted Non-GAAP earnings per share to increase to between $1.25 and $1.40.

The Company's fiscal 2018 financial guidance is based in part on the following assumptions:

• Generic products annual price erosion in the upper single digits percentage;
• R&D expense of $10 to $13 million; and
• Total generic product launches of 15 to 20.

GUIDANCE:

ACETO Corp sees FY2018 EPS of $1.25-$1.40, versus the consensus of $1.77.

Fourth Quarter Fiscal 2017 versus Fourth Quarter Fiscal 2017

• Net sales of $194.6 million versus $135.4 million, a 43.7% increase
• Gross profit of $36.8 million versus $34.0 million, an 8.2% increase
• Net income of $2.0 million versus $6.8 million, a 71.0% decrease
• Diluted EPS of $0.06 versus $0.23, a 73.9% decrease
• Non-GAAP Adjusted Net Income of $9.6 million versus $10.3 million, a 6.9% decrease
• Non-GAAP Adjusted EPS of $0.27 versus $0.35, a 22.9% decrease

For earnings history and earnings-related data on ACETO Corp (ACET) click here.