West Pharmaceutical: Q3 Earnings Snapshot

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EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported third-quarter profit of $161.3 million.

The Exton, Pennsylvania-based company said it had net income of $2.14 per share. Earnings, adjusted for non-recurring costs, came to $2.16 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.

The medical device company posted revenue of $747.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $746.9 million.

West Pharmaceutical expects full-year earnings in the range of $7.95 to $8 per share, with revenue in the range of $2.95 billion to $2.96 billion.

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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

 

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