Lannett Announces Fiscal 2021 Third-Quarter Financial Results
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Lannett (LCI) Misses Q3 EPS by 14c, Revenues Miss; Offers FY21 Revenues Outlook
May 5, 2021 5:46 PM EDTLannett (NYSE: LCI) reported Q3 EPS of ($0.18), $0.14 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $112.37 million versus the consensus estimate of $116.11 million.
"In recent months, we have significantly advanced a number of strategic initiatives," said Tim Crew, chief executive officer of Lannett. "In April, we successfully completed a transaction to refinance our debt, using the proceeds to retire the outstanding Term Loan B balance of approximately... More
