Lantheus Cuts FY24 Adj. EPS Outlook Form $7.00-$7.20 To $6.60-$6.70 Vs. $7.07 Estimate, Maintains Revenue Outlook Of $1.50B-$1.52B Vs. $1.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lantheus has revised its FY24 adjusted EPS outlook from $7.00-$7.20 to $6.60-$6.70, which is below the $7.07 estimate. However, the company has maintained its revenue outlook of $1.50B-$1.52B, in line with the $1.51B estimate.
July 31, 2024 | 11:14 am
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Lantheus has lowered its FY24 adjusted EPS outlook to $6.60-$6.70 from $7.00-$7.20, which is below the $7.07 estimate. The revenue outlook remains unchanged at $1.50B-$1.52B, matching the $1.51B estimate.
The reduction in the EPS outlook is likely to negatively impact investor sentiment and the stock price in the short term, despite the revenue outlook remaining unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100