Owens & Minor Reveals 14% Rise In Q1 Profit

(RTTNews) - Owens & Minor (OMI) reported earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line climbed to $31.26 million, or $0.50 per share. This was higher than $27.53 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.9% to $2.46 billion. This was up from $2.39 billion last year.

Owens & Minor earnings at a glance:

-Earnings (Q1): $31.26 Mln. vs. $27.53 Mln. last year. -Earnings Growth (Y-o-Y): 13.5% -EPS (Q1): $0.50 vs. $0.44 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $0.47 -Revenue (Q1): $2.46 Bln vs. $2.39 Bln last year. -Revenue Change (Y-o-Y): 2.9%

-Guidance: Full year EPS guidance: $2.00 to $2.0