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Cambrex Corp. Q4 Profit Tops Estimates; Revenue Up 2.5%

Cambrex Corp. (CBM) reported that its fourth-quarter GAAP EPS from continuing operations increased 4% to $1.20 from $1.15, last year. Adjusted income from continuing operations was $42.4 million or $1.27 per share, compared to $40.8 million or $1.23 per share in the same quarter last year. EBITDA increased to $64.7 million compared to $63.6 million in the same quarter last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $1.12 for the quarter. Analysts' estimates typically exclude special items.

Fourth-quarter net revenue increased 2.5% to $182.3 million compared to $177.9 million in the same quarter last year. Excluding the impact of foreign exchange, net revenue increased 1%. Analysts expected revenue of $184.4 million for the quarter.

The company expects 2018 adjusted net revenue, excluding the impact of foreign currency and change in accounting principle, to be between -2% and 2% compared to 2017 and adjusted EBITDA to be between $150 and $160 million.

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