BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Lantheus Holdings Inc. (LNTH) on Thursday reported a loss of $2.8 million in its first quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were $1.47 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The diagnostic imaging company posted revenue of $300.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $280.7 million.
For the current quarter ending in June, Lantheus Holdings expects its per-share earnings to range from $1.25 to $1.33.
The company said it expects revenue in the range of $300 million to $310 million for the fiscal second quarter.
Lantheus Holdings expects full-year earnings in the range of $5.45 to $5.70 per share, with revenue ranging from $1.23 billion to $1.27 billion.
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