Owens & Minor Q3 Profit Decreases - Quick Facts

(RTTNews) - Owens & Minor, Inc. (OMI) reported third-quarter net income of $7.16 million or $0.11 per share, compared to $27.97 million or $0.44 per share, last year. Adjusted net income was $26.54 million or $0.42 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased to $2.39 billion from $2.27 billion, a year ago. Analysts expected revenue of $2.33 billion for the quarter.

Owens & Minor also announced that its board has approved the payment of the fourth quarter 2014 cash dividend in the amount of $0.25 per share. The cash dividend is payable on December 31, 2014, to shareholders of record as of December 15, 2014.