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West Pharmaceutical: Q2 Earnings Snapshot
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EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported second-quarter profit of $154 million.

On a per-share basis, the Exton, Pennsylvania-based company said it had profit of $2.15. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.37 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.

The medical device company posted revenue of $872.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $836.8 million.

For the current quarter ending in September, West Pharmaceutical expects its per-share earnings to range from $2.14 to $2.24.

The company said it expects revenue in the range of $820 million to $835 million for the fiscal third quarter.

West Pharmaceutical expects full-year earnings in the range of $8.85 to $9.05 per share, with revenue ranging from $3.35 billion to $3.38 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WST at https://www.zacks.com/ap/WST

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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