Lantheus Holdings (LNTH) Dives 28.6% on Tempered Growth Outlook

We recently published 10 Stocks Taking the Worst Hit. Lantheus Holdings, Inc. is one of the worst-performing stocks on Wednesday.

Lantheus Holdings saw its share prices decline by 28.58 percent to hit a new 52-week low as investor sentiment was dampened by a tempered growth outlook for the rest of the year.

In intra-day trading, Lantheus Holdings, Inc. hit its lowest price of $47.25, before a buying spree bolstered its share prices higher to finish the day down by 28.58 percent at $51.87 apiece.

This followed a lower full-year revenue guidance of $1.475 billion to $1.51 billion, as compared with the $1.55 billion to $1.585 billion in the same period last year.

Adjusted EPS was also targeted at $5.5 to $5.7, lower than the $6.6 to $6.7 as expected previously.

In the second quarter of the year, Lantheus Holdings, Inc. grew its net income by 26.9 percent to $78.8 million from $62.1 million in the same period last year, while revenues dropped by 4 percent to $378 million from $394 million.

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In the first half, net income declined by 21 percent to $151.7 million from $193 million, while revenues dipped by 1.7 percent to $750.8 million from $764 million.