Benzinga | May 5, 2021 05:00PM EDT

Lannett Q3 Adj. EPS $0.02 Beats $(0.04) Estimate, Sales $112.40M Miss $116.11M Estimate; Reaffirms FY21 Sales Guidance $480M-$500M vs $492.8M Est.

Lannett (NYSE:LCI) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.04) by 150 percent. This is a 92.59 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $112.40 million which missed the analyst consensus estimate of $116.11 million by 3.20 percent. This is a 22.15 percent decrease over sales of $144.37 million the same period last year.