Cambrex Corp. Earnings Rise 77% In Q1

(RTTNews) - Cambrex Corp. (CBM) announced a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line came in at $16.31 million, or $0.50 per share. This was higher than $9.24 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.2% to $93.43 million. This was up from $77.73 million last year.

Cambrex Corp. earnings at a glance:

-Earnings (Q1): $16.31 Mln. vs. $9.24 Mln. last year. -Earnings Growth (Y-o-Y): 76.5% -EPS (Q1): $0.50 vs. $0.29 last year. -EPS Growth (Y-o-Y): 72.4% -Analysts Estimate: $0.34 -Revenue (Q1): $93.43 Mln vs. $77.73 Mln last year. -Revenue Change (Y-o-Y): 20.2%

-Guidance: Full year EPS guidance: $2.46 - $2.58