Catalent Inc.’s stock tumbled 20% in premarket trade Friday, after the provider of services to the pharma industry issued a profit warning for its fiscal...
Catalent Inc.’s stock CTLT tumbled 20% in premarket trade Friday, after the provider of services to the pharma industry issued a profit warning for its fiscal third quarter through March 31. The Somerset, N.J.-based company said productivity issues and higher-than-expected costs at three of its facilities — including two of its largest plants — would materially and adversely impact results and its guidance for the rest of the fiscal year.
-based company said productivity issues and higher-than-expected costs at three of its facilities — including two of its largest plants — would materially and adversely impact results and its guidance for the rest of the fiscal year.
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