Lannett FQ2 top line up 8%; non-GAAP earnings up 18%; sales guidance lowered; shares down 12% after hours

|About: Lannett Company, Inc (LCI)|By:, SA News Editor

Lannett Company (NYSEMKT:LCI) fiscal Q2 results ($M): Net sales: 184.3 (+7.8%).

Net Income: 14.0 (+70.7%); non-GAAP net income: 40.6 (+17.7%); EPS: 0.37 (+68.2%); non-GAAP EPS: 1.06 (+15.2%).

2018 guidance: Net sales: $680M - 700M from $710M - 720M.

Shares are down 12% after hours on average volume.

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