Cambrex Q4 Profit Down

(RTTNews) - Cambrex Corporation. (CBM) Tuesday reported fourth-quarter profit of $8.90 million or $0.29 per share, down from $43.65 million or $1.42 per share in the same period last year.

Analysts, based on consensus, expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 46.3 percent to $103.0 million from $70.4 million last year.

Looking ahead, the company has forecast adjusted earnings from continuing operations in the range of $0.99 to $1.10 per share. Analysts currently expect full-year earnings of $1.09 per share.