Owens & Minor: 2Q Earnings Snapshot
MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Wednesday reported a loss of $10.5 million in its second quarter.
The Mechanicsville, Virginia-based company said it had a loss of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The medical supply distributor posted revenue of $2.48 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.43 billion.
Owens & Minor expects full-year earnings in the range of 60 cents to 70 cents per share.
The company’s shares closed at $2.84. A year ago, they were trading at $18.67.