Lannett (LCI) Tops Q3 EPS by 4c, Raises Guidance
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Lannett Announces Fiscal 2019 Third-Quarter Financial Results; Raises Guidance For Fiscal 2019
May 6, 2019 4:15 PM EDTPHILADELPHIA, May 6, 2019 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2019 third quarter ended March 31, 2019.Â
"Our solid third quarter financial results reflect continued growth of our core business," said Tim Crew, chief executive officer of Lannett. "Excluding sales of Levothyroxine, net sales have progressed from $101 million to $105 million to $118 million in the first, second and third quarters, respectively, representing 17% growth from the first to the third quarter. This growth has largely been fueled by the launch of new products, while maintaining our base business. ... More
