• The stock price of Lantheus Holdings Inc (NASDAQ: LNTH) increased by 20.15% in the most recent trading session. This is why.

The stock price of Lantheus Holdings Inc (NASDAQ: LNTH) increased by 20.15% in the most recent trading session.

Why: Q4 results

Q4 results: Lantheus reported a Q4 EPS of $1.37, which was $0.41 higher than a consensus of $0.96. And the revenue for the quarter was $263.16 million compared to a consensus estimate of $244.68 million.

KEY QUOTE:

“2022 was an outstanding year for Lantheus, led by the success of PYLARIFY and expansion of our Radiopharmaceutical Oncology pipeline. We accelerated our growth, diversified our portfolio, and delivered record revenues and profits which created additional free cash flows. In 2023, PYLARIFY, the #1 PSMA PET imaging agent and DEFINITY, the #1 ultrasound enhancing agent, will continue to deliver value for our patients, healthcare professionals, employees, and shareholders.”

— Mary Anne Heino, President and Chief Executive Officer of Lantheus