Draxis previews Q4 earnings

AuntMinnie.com staff writers
Jan 17, 2008

Canadian radiopharmaceutical developer Draxis Health of Montreal has issued an estimate of its fourth quarter (end-December 31) and year-end 2007 earnings.

The company predicted a net loss of 1¢ per share for the quarter. Net earnings per share for the 2007 fiscal year will be 4¢ per share.

Draxis attributed the lower results in part to the impact of the slowdown of the nuclear medicine industry in December due to a shortage of medical isotopes, as well as one-time severance expenses related to reducing corporate overhead, including closing the firm's offices in Mississauga early in 2008.

Related Reading

Draxis Health names new leaders, January 8, 2008

GE to sell Draxis generic MIBI, December 21, 2007

Draxis breaks ground for new facility, November 27, 2007

Draxis Health's earnings take Q3 hit, November 1, 2007

Draxis Health posts second-quarter dip, August 10, 2007

Copyright © 2008 AuntMinnie.com

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