NORTH BILLERICA, Mass. (AP) — NORTH BILLERICA, Mass. (AP) — Lantheus Holdings Inc. (LNTH) on Thursday reported a loss of $119.2 million in its fourth quarter.
The North Billerica, Massachusetts-based company said it had a loss of $1.74 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The diagnostic imaging company posted revenue of $263.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $244.6 million.
For the year, the company reported net income of $28.1 million, or 40 cents per share, swinging to a profit in the period. Revenue was reported as $935.1 million.
For the current quarter ending in March, Lantheus Holdings expects its per-share earnings to range from $1.28 to $1.32.
The company said it expects revenue in the range of $280 million to $285 million for the fiscal first quarter.
Lantheus Holdings expects full-year earnings in the range of $4.95 to $5.10 per share, with revenue ranging from $1.14 billion to $1.16 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNTH at https://www.zacks.com/ap/LNTH
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