Owens & Minor Q1 adjusted earnings Miss Estimates

(RTTNews) - Owens & Minor (OMI) released a profit for first quarter that declined from last year.

The company's earnings totaled $8.15 million, or $0.13 per share. This compares with $18.79 million, or $0.31 per share, in last year's first quarter.

Excluding items, Owens & Minor reported adjusted earnings of $26.17 million or $0.43 per share for the period.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $2.37 billion from $2.33 billion last year.

Owens & Minor earnings at a glance:

-Earnings (Q1): $26.17 Mln. vs. $26.41 Mln. last year. -EPS (Q1): $0.43 vs. $0.44 last year. -Analysts Estimate: $0.47 -Revenue (Q1): $2.37 Bln vs. $2.33 Bln last year.