EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported first-quarter net income of $115.3 million.
On a per-share basis, the Exton, Pennsylvania-based company said it had net income of $1.55. Earnings, adjusted for amortization costs, came to $1.56 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The medical device company posted revenue of $695.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $673.4 million.
West Pharmaceutical expects full-year earnings in the range of $7.63 to $7.88 per share, with revenue in the range of $3 billion to $3.03 billion.
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