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Catalent: Fiscal Q1 Earnings Snapshot
By AP News - Nov 15, 2023, 07:12 AM ET
Last Updated - Nov 15, 2023, 07:13 AM EST
SOMERSET, N.J. (AP) — SOMERSET, N.J. (AP) — Catalent Inc. (CTLT) on Wednesday reported a loss of $715 million in its fiscal first quarter.
On a per-share basis, the Somerset, New Jersey-based company said it had a loss of $3.94. Losses, adjusted for one-time gains and costs, came to 10 cents per share.
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The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The maker of drug delivery technologies posted revenue of $982 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $933.2 million.
Catalent expects full-year revenue in the range of $4.3 billion to $4.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTLT at https://www.zacks.com/ap/CTLT
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