West Pharmaceutical: Q2 Earnings Snapshot

Audio By Carbonatix

EXTON, Pa. (AP) _ West Pharmaceutical Services Inc. (WST) on Thursday reported second-quarter earnings of $188.5 million.

On a per-share basis, the Exton, Pennsylvania-based company said it had profit of $2.48. Earnings, adjusted for non-recurring gains, came to $2.47 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.

The medical device company posted revenue of $771.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $752.9 million.

West Pharmaceutical expects full-year earnings in the range of $9 to $9.15 per share, with revenue in the range of $2.95 billion to $2.98 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WST at https://www.zacks.com/ap/WST