NEW YORK (TheStreet) -- Lannett (LCI) - Get Report shares are up 1.1% to $39.75 in after-hours trading on Wednesday after the generic pharmaceutical product manufacturer reported a 100% increase in quarterly net sales to $80.6 million from $40.2 million.
The company reported earnings of 64 cents per diluted share, 2 cents ahead of analysts expectations and 52 cents better than analysts were expecting.
TheStreet Ratings team rates LANNETT CO INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LANNETT CO INC (LCI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: LCI Ratings Report
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