Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Tuesday reported a loss of $55.6 million in its second quarter.
On a per-share basis, the Mechanicsville, Virginia-based company said it had a loss of 91 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The medical supply distributor posted revenue of $1.81 billion in the period.
Owens & Minor expects full-year earnings in the range of $1 to $1.20 per share.
Insight by Lookout: Learn the steps CIOs from the VA, NSF and the Drug Enforcement Administration in the Justice Department took to achieve the balance of security and accessibility as employees worked outside the office in this exclusive ebook.
Owens & Minor shares have more than tripled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.62, rising fivefold in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMI at https://www.zacks.com/ap/OMI
Copyright © 2020 . All rights reserved. This website is not intended for users located within the European Economic Area.