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Lannett: Fiscal 2Q Earnings Snapshot

PHILADELPHIA (AP) _ Lannett Co. (LCI) on Wednesday reported fiscal second-quarter net income of $12.4 million.

The Philadelphia-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.

The generic drug company posted revenue of $193.7 million in the period.

Lannett expects full-year revenue in the range of $615 million to $635 million.

Lannett shares have risen 72 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.52, a decrease of 57 percent in the last 12 months.


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