EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported first-quarter earnings of $140 million.
The Exton, Pennsylvania-based company said it had profit of $1.85 per share. Earnings, adjusted for asset impairment costs, were $1.98 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The medical device company posted revenue of $716.6 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $697.3 million.
West Pharmaceutical expects full-year earnings in the range of $7.50 to $7.65 per share, with revenue in the range of $2.97 billion to $2.99 billion.
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