×

Catalent beats Street 1Q forecasts

SOMERSET, N.J. (AP) _ Catalent Inc. (CTLT) on Monday reported fiscal first-quarter profit of $3.8 million.

On a per-share basis, the Somerset, New Jersey-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The maker of drug delivery technologies posted revenue of $543.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $490.3 million.

Catalent expects full-year revenue in the range of $2.31 billion to $2.41 billion.

Catalent shares have climbed 58 percent since the beginning of the year. The stock has risen 91 percent in the last 12 months.

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