West Pharmaceutical Services Shares Rise 19% after Raising 2024 Outlook

Dow Jones

2024-10-24

By Denny Jacob

West Pharmaceutical Services shares rose 19% after raising its outlook for the year.

Shares were trading around $341.77. The stock is on pace for its largest percentage increase on record and is currently the best performer in the S&P 500.

The pharmaceuticals, biologics, vaccines and consumer healthcare products manufacturer forecast sales between $2.88 billion and $2.91 billion as well adjusted earnings per-share in the range of $6.55 and $6.75. It previously guided for sales between $2.87 billion and $2.9 billion and adjusted earnings per-share in the range of $6.35 and $6.65.

West Pharmaceutical attributed the higher outlook in part due to favorable currency movements.

The company also reported better-than-expected sales in its third quarter. Sales edged down to $746.9 million, topping estimates of $709.6 million from analysts polled by FactSet.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

October 24, 2024 11:07 ET (15:07 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The stock is on pace for its largest percentage increase on record and is currently the best performer in the S&P 500. \n</p>\n<p>\n  The pharmaceuticals, biologics, vaccines and consumer healthcare products manufacturer forecast sales between $2.88 billion and $2.91 billion as well adjusted earnings per-share in the range of $6.55 and $6.75. It previously guided for sales between $2.87 billion and $2.9 billion and adjusted earnings per-share in the range of $6.35 and $6.65. \n</p>\n<p>\n  West Pharmaceutical attributed the higher outlook in part due to favorable currency movements. \n</p>\n<p>\n  The company also reported better-than-expected sales in its third quarter. Sales edged down to $746.9 million, topping estimates of $709.6 million from analysts polled by FactSet. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2024 11:07 ET (15:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4567","symbol_name":"ESG概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477532036","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477532036","pubTimestamp":1729782420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"West Pharmaceutical Services shares rose 19% after raising its outlook for the year.Shares were trading around $341.77. 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The stock is on pace for its largest percentage increase on record and is currently the best performer in the S&P 500. \n\n\n  The pharmaceuticals, biologics, vaccines and consumer healthcare products manufacturer forecast sales between $2.88 billion and $2.91 billion as well adjusted earnings per-share in the range of $6.55 and $6.75. It previously guided for sales between $2.87 billion and $2.9 billion and adjusted earnings per-share in the range of $6.35 and $6.65. \n\n\n  West Pharmaceutical attributed the higher outlook in part due to favorable currency movements. \n\n\n  The company also reported better-than-expected sales in its third quarter. Sales edged down to $746.9 million, topping estimates of $709.6 million from analysts polled by FactSet. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2024 11:07 ET (15:07 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}