Owens & Minor Profit Retreats 24% In Q2

(RTTNews) - Owens & Minor (OMI) announced earnings for second quarter that lost ground compared to the same period last year.

The company said its earnings declined to $25.85 million, or $0.43 per share. This was down from $34.10 million, or $0.55 per share, in last year's second quarter.

The company said revenue for the quarter fell 8.5% to $2.27 billion. This was down from $2.48 billion last year.

Owens & Minor earnings at a glance:

-Earnings (Q2): $25.85 Mln. vs. $34.10 Mln. last year. -Earnings Decline (Y-o-Y): -24.2% -EPS (Q2): $0.43 vs. $0.55 last year. -EPS Decline (Y-o-Y): -21.8% -Revenue (Q2): $2.27 Bln vs. $2.48 Bln last year. -Revenue Change (Y-o-Y): -8.5%

-Guidance: Full year EPS guidance: $1.90 to $2.00