Why Lantheus Holdings' Shares Are Up 16.4% Friday
Lantheus Holdings (NASDAQ: LNTH), which makes diagnostic medical imaging agents that help physicians diagnose and treat cardiovascular and other diseases, saw its shares rise 16.4% on Friday. The stock closed on Thursday at $59.12, then opened on Friday at $68.65, rising to its 52-week high of $68.80 in the first hour of trading.
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A strong first-quarter earnings report gave the stock a boost. The company reported revenue of $208.9 million, up 125.8%, year over year, net income of $43 million, up from $9 million in the same period in 2021, and earnings per share (EPS) of $0.97 compared to EPS of $0.05, year over year.
Source Fool.com
