11:41 AM EST, 11/06/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Lantheus Holdings ( LNTH ) shares plunged more than 22% in recent trading Wednesday despite the company's higher Q3 adjusted earnings and revenue that also topped analysts' expectations.

The company reported Q3 adjusted earnings of $1.70 per diluted share, up from $1.47 a year earlier.

Analysts polled by Capital IQ expected $1.56.

Revenue for the quarter ended Sept. 30 was $378.7 million, up from $319.9 million a year earlier.

Analysts surveyed by Capital IQ expected $371.7 million.

The company said it now expects 2024 adjusted EPS of $6.65 to $6.70, compared with its prior guidance of $6.60 to $6.70. Analysts surveyed by Capital IQ expect $6.67.

Revenue for the year is now projected to be in the range of $1.51 billion to $1.52 billion, compared with $1.50 billion to $1.52 billion previously. Analysts polled by Capital IQ expect $1.52 billion.

Price: 88.93, Change: -26.04, Percent Change: -22.65