Akorn Issues Q3 Guidance, Re-affirms FY13 Outlook - Quick Facts

(RTTNews) - Akorn, Inc. (AKRX, AKRN.OB) Monday forecast third-quarter earnings in the range of $12 million to $13 million, or $0.10 to $0.11 per share.

Adjusted earnings are expected to range between $16 million and $17 million, or $0.14 to $0.15 per share.

Revenues are projected in the order of $81 million to $82 million. Analysts currently expect the company to report third-quarter earnings of $0.14 per share on revenues of $80.43 million.

Additionally, the company continues to project full-year 2013 earnings in the range of $0.53 to $0.55 per share, and adjusted earnings in the order of $0.42 to $0.44 per share, with revenues ranging between $305 million and $315 million.

Fiscal 2013 guidance excludes the impact of Hi-Tech acquisition-related costs. Analysts currently expect the company to report full-year earnings of $0.56 per share on revenues of $315.77 million.