Shares of West Pharmaceutical Servs WST fell 0.3% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 102.97% year over year to $2.05, which beat the estimate of $1.43.
Revenue of $670,700,000 higher by 36.46% from the same period last year, which beat the estimate of $611,390,000.
Outlook
The upcoming fiscal year's EPS expected to be between $6.95 and $7.10.
The upcoming fiscal year's revenue expected to be between $2,630,000,000 and $2,655,000,000.
Conference Call Details
Date: Apr 29, 2021
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/6jyxfvm5
Price Action
Company's 52-week high was at $326.51
Company's 52-week low was at $185.09
Price action over last quarter: Up 14.45%
Company Overview
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 (77% of 2020 sales) and contract-manufactured products (23%). It generates 55% of its revenue from international markets and 45% from the United States.
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