Needham & Company Cuts Numbers on Hi Tech Pharmacal (HITK) After Latest Miss

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Hi-Tech Pharmacal Co. (HITK) Misses Q4 EPS by 13c, Sales Light

July 9, 2013 7:23 AM EDT

Hi-Tech Pharmacal Co. (NASDAQ: HITK) reported Q4 EPS of $0.50, $0.13 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $58.5 million versus the consensus estimate of $66.33 million.

David Seltzer, President and CEO, commented: "The Company showed growth while facing several... More