Shares of West Pharmaceutical Services WST were flat in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 40.45% year over year to $1.25, which beat the estimate of $0.88.
Revenue of $527,200,000 up by 12.24% year over year, which beat the estimate of $490,580,000.
Outlook
The upcoming fiscal year's EPS expected to be between $4.15 and $4.25.
The upcoming fiscal year's revenue expected to be between $2,035,000,000 and $2,055,000,000.
Details Of The Call
Date: Jul 23, 2020
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/fjvys8u9
Technicals
Company's 52-week high was at $257.92
52-week low: $120.12
Price action over last quarter: Up 30.60%
Company Description
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (75% of 2019 sales) and contract-manufactured products (25%). The firm generates 56% of its revenue from international markets and 44% from the United States.
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