Cambrex Reports Second Quarter 2018 Financial Results
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Cambrex Corp. (CBM) Tops Q2 EPS by 22c, Revenues Beat; Affirms FY18 Adj. Net Revenue & Adj. EBITDA Guidance
August 2, 2018 6:44 AM EDTCambrex Corp. (NYSE: CBM) reported Q2 EPS of $0.87, $0.22 better than the analyst estimate of $0.65. Revenue for the quarter came in at $152 million versus the consensus estimate of $132.74 million.
Highlights
Net revenue increased 13% to $152.0 million compared to $134.6 million in the same quarter last year. Excluding the impact of adopting the new revenue standard, ASC 606 Revenue from Contracts with Customers, net revenue decreased 1%.GAAP Diluted EPS from continuing operations increased 61% to $1.21 per share from $0.75 per share in the same quarter last year. The 2018 results reflect a lower tax rate as a... More