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Thursday, July 25, 2019

Lantheus down 21% on Q2 miss and guidance cut

Lantheus Holdings (LNTH -20.5%) slumps on below-average volume following its Q2 report that disappointed investors. Highlights:
Revenues: $85.7M (+0.1%); net income: $6.4M (-34.2%); EPS: $0.16 (-36.0%). DEFINITY sales: $54.6M (+18.5%).
TechneLite sales negatively impacted by multiple molybdenum-99 supplier issues.
Non-GAAP net income: $10.9M (-6.4%); non-GAAP EPS: $0.27 (-10.0%).
Cash flow ops: $21.1M (+3.8%).
Q3 guidance: Revenues: $83M – 85M; non-GAAP EPS: $0.18 – 0.20.
2019 guidance: Revenues: $346M – 350M from $358M – 363M; non-GAAP EPS: $1.09 – 1.12 from $1.14 – 1.17.

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