Catalent: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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SOMERSET, N.J. (AP) — SOMERSET, N.J. (AP) — Catalent Inc. (CTLT) on Wednesday reported a loss of $715 million in its fiscal first quarter.

On a per-share basis, the Somerset, New Jersey-based company said it had a loss of $3.94. Losses, adjusted for one-time gains and costs, came to 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The maker of drug delivery technologies posted revenue of $982 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $933.2 million.

Catalent expects full-year revenue in the range of $4.3 billion to $4.5 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTLT at https://www.zacks.com/ap/CTLT

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