WuXi PharmaTech Q1 Profit Down - Quick Facts

(RTTNews) - WuXi PharmaTech Inc. (WX) Wednesday reported first-quarter profit of $17.82 million or $0.24 per share, down from $21.71 million or $0.30 per share in the same period last year.

Adjusted earnings for the quarter were $22.3 million or $0.30 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 11.3 percent to $146.7 million from $131.87 million last year. Analysts expected revenues of $145.0 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.39 to $0.41 per ADS, with adjusted earnings in the order of $0.46 to $0.48 per ADS.

Revenues are expected to range between $160 million and 162 million. Analysts currently expect the company to earn $0.49 per share on second-quarter revenues of $164.45 million.

For the fiscal 2014, the company currently projects earnings in the range of $1.53 to $1.58 per ADS, with adjusted earnings in the order of $1.80 to $1.85 per ADS.

Revenues are currently projected in the order of $660 million to 670 million. Analysts currently expect the company to report full-year earnings of $1.96 per share on revenues of $669.18 million.