Catalent: Fiscal 1Q Earnings Snapshot
SOMERSET, N.J. (AP) _ Catalent Inc. (CTLT) on Tuesday reported fiscal first-quarter net income of $100,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Somerset, New Jersey-based company said it had net income of 5 cents. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The maker of drug delivery technologies posted revenue of $664.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $636.4 million.
Catalent expects full-year revenue in the range of $2.78 billion to $2.88 billion.
Catalent shares have increased 61% since the beginning of the year. The stock has climbed 19% in the last 12 months.