MWI Veterinary Q2 Profit Up, Beats View; Lifts Annual Revenue Forecast

(RTTNews) - MWI Veterinary Supply, Inc.(MWIV) reported higher second-quarter earnings at $19.4 million or $1.52 per share than $16.8 million or $1.32 per share a year ago. On average, 7 analysts polled by Thomson Reuters expected the company to report profit per share of $1.51 for the quarter. Analysts' estimates typically exclude special items. Quarterly revenues increased 28.4 percent to $778.4 million from $606.4 million last year, while the consensus estimate was $762.40 million. The company also revised up its fiscal 2014 guidance. Now, it expects earnings per share in the range of $5.57 -$5.67 versus the prior guidance of $5.47 - $5.67. Revenues are now expected to be between $2.91 billion and $2.96 billion, up from the $2.89 billion and $2.94 billion projected earlier. Analysts forecast earnings per share of $5.59 on revenues of $2.93 billion for the year.