Investing.com - Lannett reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lannett announced earnings per share of $-0.680 on revenue of $75.08M. Analysts polled by Investing.com anticipated EPS of $-0.250 on revenue of $98.60M.
Lannett shares are up 6.41% from the beginning of the year , still down 80.58% from its 52 week high of $2.37 set on Friday, November 5, 2021.
Lannett follows other major Healthcare sector earnings this month
Lannett's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.9B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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