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Catalent (CTLT) Stock Slumps in After-Hours Trading on Q4 Earnings Miss

NEW YORK (TheStreet) -- Shares of Catalent (CTLT) were slipping in after-hours trading on Monday after the company posted lower-than-expected earnings for the 2016 fiscal fourth quarter.

Following the market close, the Somerset, NJ-based drug delivery technology manufacturer reported adjusted earnings of 52 cents per share, which fell short of analysts' estimates of 53 cents per share.

Revenue for the quarter was $532.2 million, higher than Wall Street's projections of $502.2 million.

For the full year, Catalent posted adjusted earnings of $1.22 per share on revenue of $1.85 billion. Wall Street was looking for earnings of $1.20 per share on revenue of $1.82 billion.

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