Lannett down after FQ3 earnings miss, guidance cut

Lannett Company (LCI -18.9%) fiscal Q3 results:

Net sales: $144.4M (-16.4%).

Net loss: ($16.6M) (-256.7%); non-GAAP net income: $11.7M (-56.0%); loss/share: ($0.43) (-259.3%); non-GAAP EPS: $0.27 (-60.3%).

Non-GAAP EBITDA: $35.9M.

2020 guidance: Net sales: $535M – 545M from $530M – 550M; non-GAAP EBITDA: $137M – 147M from $145M – 160M.

Lannett EPS misses by $0.01, beats on revenue

https://seekingalpha.com/news/3571283-lannett-down-after-fq3-earnings-miss-guidance-cut