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Lantheus Q2 Adjusted Earnings, Revenue Rise; Trims 2024 EPS Guidance; Shares Fall
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Lantheus Q2 Adjusted Earnings, Revenue Rise; Trims 2024 EPS Guidance; Shares Fall
Jul 31, 2024 6:12 AM

08:58 AM EDT, 07/31/2024 (MT Newswires) -- Lantheus Holdings ( LNTH ) reported Q2 adjusted earnings of $1.80 per diluted share on Wednesday, up from $1.54 a year earlier.

Analysts polled by Capital IQ expected $1.83.

Revenue for the quarter ended June 30 was $394.1 million compared with $321.7 million a year earlier.

Analysts surveyed by Capital IQ expected $382.2 million.

The radiopharmaceutical company trimmed its full-year 2024 adjusted EPS forecast to $6.60 to $6.70 from $7 to $7.20. Analysts surveyed by Capital IQ expect $7.07. The company reaffirmed its revenue guidance for the year of $1.50 billion to $1.52 billion. Capital IQ analysts expect $1.52 billion.

Lantheus ( LNTH ) shares were down by more than 11% in premarket trading.

Price: 99.00, Change: -10.77, Percent Change: -9.81

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