Omnicare Q2 Profit Rises - Quick Facts

(RTTNews) - Omnicare Inc. (OCR) reported that its second-quarter net income increased to $52.22 million or $0.48 per share, from $18.69 million or $0.17 per share, last year. Adjusted cash earnings per share was $0.90, compared to $0.83 prior year.

On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.57 billion, from $1.54 billion last year. Analysts expected revenue of $1.54 billion for the quarter.

For the full year 2013, the company now expects adjusted cash earnings per share in the range of $3.56 to $3.64; compared to a previous range of $3.47 to $3.57. The company now expects revenue to be in the range of $6.1 billion to $6.3 billion; compared to prior range of $6.1 billion to $6.2 billion. Analysts expect the company to report full year 2013 profit per share of $3.56, on revenue of $6.14 billion.