Owens & Minor Reports 6% Fall In Q3 Profit

(RTTNews) - Owens & Minor (OMI) reported earnings for third quarter that fell from last year.

The company said its profit totaled $31.56 million, or $0.51 per share. This was lower than $33.56 million, or $0.54 per share, in last year's third quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $2.42 billion. This was down from $2.47 billion last year.

Owens & Minor earnings at a glance:

-Earnings (Q3): $31.56 Mln. vs. $33.56 Mln. last year. -Earnings Decline (Y-o-Y): -6.0% -EPS (Q3): $0.51 vs. $0.54 last year. -EPS Decline (Y-o-Y): -5.6% -Analysts Estimate: $0.51 -Revenue (Q3): $2.42 Bln vs. $2.47 Bln last year. -Revenue Change (Y-o-Y): -2.0%

-Guidance: Full year EPS guidance: $2.00 - $2.05