Abaxis Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Abaxis Inc. (ABAX) revealed earnings for its fourth quarter that rose from last year.

The company's bottom line totaled $10.02 million, or $0.43 per share. This compares with $7.55 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, Abaxis Inc. reported adjusted earnings of $9.73 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.7% to $67.92 million from $58.20 million last year.

Abaxis Inc. earnings at a glance:

-Analysts Estimate: $0.31 -Revenue (Q4): $67.92 Mln vs. $58.20 Mln last year.