Lannett (LCI) Tops Q1 EPS by 10c
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Lannett Reports Solid Fiscal 2016 First Quarter Results
November 4, 2015 4:16 PM ESTPHILADELPHIA, Nov. 4, 2015 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2016 first quarter ended September 30, 2015.Â
For the fiscal 2016 first quarter, net sales increased to $106.4 million from $93.4 million in last year's first quarter. Gross profit was $77.4 million, or 73% of net sales, compared with $71.6 million, or 77% of net sales. Research and development expenses increased to $6.5 million from $6.4 million for the fiscal 2015 first quarter. Selling, general and administrative (SG&A) expenses were $15.5 million compared with $10.5 million. Acquisition-related expenses increased to $3.9 million... More
