Lannett Q3 Profit Tops View - Quick Facts

(RTTNews) - Lannett Co., Inc. (LCI) Tuesday reported third-quarter net income attributable to the company of $23.0 million or $0.63 per share, compared to $3.9 million or $0.14 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.60 per share for the quarter. Analysts' estimates typically exclude special items.

Sales surged to $80.01 million from $39.02 million last year, while five analysts expected revenues of $84.50 million.

Looking ahead, the company has lowered full-year 2014 net sales to a range of $261 million to $267 million from its previous guidance of $275 million to $285 million. Analysts currently expect full-year sales of $280.58 million.