Cambrex Corp. Reveals 9% Increase In Q2 Earnings

(RTTNews) - Cambrex Corp. (CBM) reported a profit for its second quarter that climbed from last year.

The company said its bottom line climbed to $22.32 million, or $0.68 per share. This was higher than $20.48 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.3% to $118.64 million. This was up from $106.64 million last year.

Cambrex Corp. earnings at a glance:

-Earnings (Q2): $22.32 Mln. vs. $20.48 Mln. last year. -Earnings Growth (Y-o-Y): 9.0% -EPS (Q2): $0.68 vs. $0.63 last year. -EPS Growth (Y-o-Y): 7.9% -Analysts Estimate: $0.59 -Revenue (Q2): $118.64 Mln vs. $106.64 Mln last year. -Revenue Change (Y-o-Y): 11.3%