Cambrex Corp. Announces 47% Gain In Q3 Earnings

(RTTNews) - Cambrex Corp. (CBM) reported a profit for its third quarter that gained ground from last year.

The company said its bottom line climbed to $13.05 million, or $0.40 per share. This was up from $8.85 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.4% to $92.98 million. This was up from $81.30 million last year.

Cambrex Corp. earnings at a glance:

-Earnings (Q3): $13.05 Mln. vs. $8.85 Mln. last year. -Earnings Growth (Y-o-Y): 47.5% -EPS (Q3): $0.40 vs. $0.28 last year. -EPS Growth (Y-o-Y): 42.9% -Analysts Estimate: $0.38 -Revenue (Q3): $92.98 Mln vs. $81.30 Mln last year. -Revenue Change (Y-o-Y): 14.4%