West Pharmaceutical: Q4 Earnings Snapshot
By AP News
Published - Feb 16, 2023, 06:24 AM ET
Last Updated - Jun 22, 2023, 09:21 PM EDT
EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported fourth-quarter net income of $103 million.
On a per-share basis, the Exton, Pennsylvania-based company said it had net income of $1.36. Earnings, adjusted for non-recurring costs, came to $1.77 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The medical device company posted revenue of $708.7 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $655.2 million.
