SOMERSET, N.J. (AP) _ Catalent Inc. (CTLT) on Tuesday reported fiscal third-quarter net income of $217.1 million.
The Somerset, New Jersey-based company said it had net income of $1.26 per share. Earnings, adjusted for one-time gains and costs, came to 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The maker of drug delivery technologies posted revenue of $1.05 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $996.3 million.
Catalent expects full-year revenue in the range of $3.88 billion to $3.98 billion.
Catalent shares have climbed slightly more than 7% since the beginning of the year. The stock has climbed 68% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTLT at https://www.zacks.com/ap/CTLT
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