{"id":183667,"date":"2023-11-15T15:39:22","date_gmt":"2023-11-15T15:39:22","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183667"},"modified":"2023-11-15T15:39:22","modified_gmt":"2023-11-15T15:39:22","slug":"catalent-shares-rise-after-preliminary-q1-results-beat-analysts-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/catalent-shares-rise-after-preliminary-q1-results-beat-analysts-view\/","title":{"rendered":"Catalent Shares Rise After Preliminary Q1 Results Beat Analysts' View"},"content":{"rendered":"
Shares of Catalent, Inc. (CTLT) are rising more than 9% Wednesday morning after reporting preliminary first-quarter results above the Street view.<\/p>\n
The company reported a loss of $715 million, or $3.94 per share for the first quarter, compared with breakeven earnings a year ago.<\/p>\n
Excluding one-time items, Catalent posted loss of $19 million or $0.10 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.14 loss per share.<\/p>\n
Revenue for the quarter declined 4% year on year $982 million, but was above consensus estimate of $939.14 million.<\/p>\n
CTLT, currently at $38.90, has traded in the range of $31.45 – $74.49 in the last 1 year. <\/p>\n