Lantheus Holdings (NASDAQ: LNTH) shares surged 9.73% in pre-market trading on Thursday following the release of better-than-expected third-quarter results and the announcement of a leadership transition plan.

The radiopharmaceutical-focused company reported quarterly earnings of $1.27 per share, slightly beating the analyst consensus estimate of $1.26. While this represents a 25.29% decrease from the same period last year, it still surpassed expectations. Lantheus also posted impressive quarterly sales of $384.014 million, exceeding the analyst consensus estimate of $363.365 million by 5.68%. This marks a 1.39% increase over sales of $378.734 million in the same period last year.

Adding to the positive sentiment, Lantheus announced a leadership transition plan. CEO Brian Markison will retire at the end of 2025, with the board initiating a search for his successor. Mary Anne Heino, the current Chairperson and former CEO, will serve as Executive Chairperson effective November 7, 2025, and will lead the company as interim CEO following Markison's retirement. The company also provided an optimistic outlook for fiscal year 2025, projecting revenue between $1.49 billion and $1.51 billion, and adjusted earnings per share of $5.50 to $5.65.