WuXi Results Top Estimates

(RTTNews) - WuXi PharmaTech (Cayman) Inc (WX) on Wednesday reported first-quarter net earnings of $17.79 million or $0.25 per American depositary share, or ADS. This compares with a profit of $17.82 million or $0.24 per ADS last year.

Excluding items, adjusted earnings for the quarter were $0.36 per ADS compared with $0.30 per ADS a year ago.

Revenues for the quarter were up 22.7% at $180 million compared with $146.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.32 per share on revenues of $174.2 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, WuXi expects adjusted earnings of $0.38 to $0.40 per ADS on revenues of $194 million to $196 million. Analysts expect earnings of $0.42 per ADS on revenues of $193.6 million.

For the full year 2015, the company continues to expect adjusted earnings of $1.73 to $1.78 per ADS on revenues of $790 million to $800 million. Analysts expect earnings of $1.76 per ADS on revenues of $793.5 million.