Lannett Shares Rally More Than 10% As Results, Outlook Top Street View

By Markets MarketWatch Pulse

Lannett Co. shares rallied in the extended session Tuesday after the generic-drug maker's fourth-quarter results and outlook topped Wall Street estimates. Lannett shares rallied 14% to $36.90 after hours. The company reported adjusted fiscal fourth-quarter earnings of 73 cents a share on revenue of $168.9 million. Analysts surveyed by FactSet had estimated earnings of 60 cents a share on revenue of $161.5 million. Lannett forecast fiscal 2017 revenue of $690 million to $700 million. Analysts had estimated $666 million.

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