Catalent Inc. (CTLT) on Tuesday reported fiscal second-quarter net income of $88.4 million.
On a per-share basis, the Somerset, New Jersey-based company said it had profit of 45 cents. Earnings, adjusted for one-time gains and costs, were 63 cents per share.
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The maker of drug delivery technologies posted revenue of $910.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $895.9 million.
Catalent expects full-year revenue in the range of $3.8 billion to $3.95 billion.
https://www.timesunion.com/business/article/Catalent-Fiscal-2Q-Earnings-Snapshot-15917646.php
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