Lannett Company Sees Q4 EPS Between $0.60 And $0.64 - Quick Facts

(RTTNews) - Lannett Company, Inc. (LCI) announced the company expects fourth-quarter net sales of approximately $81 million and earnings per share attributable to company in the range of $0.60 and $0.64. For the prior-year fourth quarter, net sales were $40.2 million and earnings per share attributable to Lannett were $0.12.

Analysts polled by Thomson Reuters expect the company to report fourth-quarter earnings per share of $0.41 on revenue of $71.16 million. Analysts' estimates typically exclude special items.

For fiscal 2014, the company expects net sales of approximately $274 million and adjusted earnings per share between $1.94 and $1.98. On a GAAP basis, the company expects earnings per share attributable to Lannett in the range of $1.58 to $1.62, which includes a non-recurring, pre-tax charge of $20.1 million. For the prior year, net sales were $151.1 million and earnings per share attributable to Lannett were $0.46, which included a favorable pre-tax litigation settlement of $1.3 million. Analysts expect the company to report fiscal 2014 profit per share of $1.75 on revenue of $264.32 million.

Lannett will report its full financial results for fiscal 2014 on August 27, 2014.