Alkermes Boosts FY18 Adj Earnings, Revenue Outlook - Quick Facts

(RTTNews) - Alkermes plc (ALKS) on Tuesday raised its adjusted earnings guidance for fiscal 2018 to a range of $0.12 to $0.31 per share from the previous guidance range of a loss of $0.06 to earnings of $0.12 per share.

The company also said it now projects full-year 2018 revenues between $1.015 billion and $1.045 billion, up from its previous expectation range of $975 million to $1.025 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.07 per share on revenues of $1.02 billion for the year. Analysts' estimates typically exclude special items.