Lannett Co Rallies 11% – Q3 Adj EPS Meets

Lannett Co Inc (LCI) jumped 11% after the company said Q3 ended March 31 sales rose to $174.4 million from $165.7 million in the year-ago period but missed the CapIQ mean for $176.5 million.

Adjusted EPS rose to $0.80 from $0.77 last year and matched expectations.

EPS fell to $0.33 from $0.40 a year ago and missed forecasts for $0.60.

It raised its 2018 sales outlook to $685 million to $695 million from $680 million to $700 million and above the Street’s $675.8 million.

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