West Pharmaceutical: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 06:12 AM ET
Last Updated - Jun 22, 2023, 03:07 AM EDT
EXTON, Pa. (AP) — EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported first-quarter earnings of $140 million.
The Exton, Pennsylvania-based company said it had profit of $1.85 per share. Earnings, adjusted for asset impairment costs, were $1.98 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The medical device company posted revenue of $716.6 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $697.3 million.
