West Pharmaceutical: Q4 Earnings Snapshot
EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported fourth-quarter profit of $137 million.
The Exton, Pennsylvania-based company said it had net income of $1.83 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The medical device company posted revenue of $732 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $738.9 million.
For the year, the company reported profit of $593.4 million, or $7.88 per share. Revenue was reported as $2.95 billion.
West Pharmaceutical expects full-year earnings in the range of $7.50 to $7.75 per share, with revenue in the range of $3 billion to $3.03 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WST at https://www.zacks.com/ap/WST
