West Pharmaceutical: Q4 Earnings Snapshot

Associated Press Finance
02-13

EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported fourth-quarter profit of $130.1 million.

The Exton, Pennsylvania-based company said it had net income of $1.78 per share. Earnings, adjusted for restructuring costs, were $1.82 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The medical device company posted revenue of $748.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $739.6 million.

For the year, the company reported profit of $492.7 million, or $6.69 per share. Revenue was reported as $2.89 billion.

West Pharmaceutical expects full-year earnings in the range of $6 to $6.20 per share, with revenue in the range of $2.88 billion to $2.91 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

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