ACETO Board of Directors Declares Quarterly Cash Dividend

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Aceto Corp (ACET) Misses Q2 EPS by 9c

May 9, 2014 6:56 AM EDT

Aceto Corp (NASDAQ: ACET) reported Q2 EPS of $0.19, $0.09 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $124.8 million versus the consensus estimate of $136.7 million.

Management Commentary

"The third quarter of fiscal 2014 earnings performance was below that achieved last year primarily as a result of quarterly timing. That said, for the first nine months of fiscal 2014, I am very pleased with ACETO's performance, having achieved net income of $23.4 million, or diluted earnings per share of $0.82, compared to $16.9 million, or diluted earnings per share of $0.62, for the first three... More