Investing.com - Lannett (NYSE:LCI) 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 November 5, 2021.
Lannett follows other major Healthcare sector earnings this month
Lannett's report follows an earnings beat by UnitedHealth on October 14, 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 October 18 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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