Sharps Compliance Corp. Bottom Line Drops 8% In Q2

(RTTNews) - Sharps Compliance Corp. (SMED) revealed a profit for second quarter that fell compared to the same period last year.

The company said its earnings came in at $0.69 million, or $0.04 per share. This was lower than $0.75 million, or $0.05 per share, in last year's second quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.0% to $9.99 million. This was up from $8.69 million last year.

Sharps Compliance Corp. earnings at a glance:

-Earnings (Q2): $0.69 Mln. vs. $0.75 Mln. last year. -Earnings Decline (Y-o-Y): -8.0% -EPS (Q2): $0.04 vs. $0.05 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.09 -Revenue (Q2): $9.99 Mln vs. $8.69 Mln last year. -Revenue Change (Y-o-Y): 15.0%