Lannett Reports Q1 Profit - Quick Facts

(RTTNews) - Lannett Company, Inc. (LCI) reported first-quarter net income attributable to company of $34.93 million, compared to a loss of $6.00 million, a year ago. Profit per share was $0.94, compared to a loss of $0.20.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $93.39 million from $45.83 million, last year. Analysts expected revenue of $91.88 million for the quarter.

The company raised its financial guidance for the fiscal 2015. The company now expects net sales in the range of $370 million to $390 million, up 6% from previous guidance of $350 million to $370 million. Analysts expect the company to report fiscal 2015 revenue of $359.70 million.