LCI

Lannett offers preliminary Q2 results below consensus, sees FY16 revenues below consensus  (34.89 +0.42)
1/26/2016, 4:20:22 PM ET

The co expects Q2 adj-EPS of $0.93-0.95 vs $0.99 Capital IQ Consensus Estimate; revs ~$127 mln vs $141.62 mln Capital IQ Consensus Estimate

  • Co sees FY16 revs of $585-595 mln vs $609.29 mln Capital IQ Consensus Estimate
  • Additional FY16 guidance included: Adjusted gross margin as a percentage of net sales of approximately 62% to 63%; Adjusted R&D expense in the range of $49 million to $51 million; Adjusted SG&A expense ranging from $59 million to $61 million; Adjusted interest expense in the range of $50 million to $53 million; The adjusted effective tax rate for the full year in the range of 34% to 35%; and Capital expenditures in fiscal 2016 in the range of $35 million to $45 million.

Courtesy of Briefing.com

In the after market yesterday LCI guided down.

Unfortunately I was already in it and sold my position at the open at 32.00 with a 1.80 loss.

I reentered again at 28.97. P/E at that price is 7.25.

Targets are 31.75 and then 33.50

Dave C.

 

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