Owens & Minor Q2 Adj EPS $0.18 Beats $0.16 Estimate, Sales $2.56B Beat $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Owens & Minor (OMI) reported Q2 adjusted earnings of $0.18 per share, beating the analyst consensus estimate of $0.16 by 12.5%. However, this is a 76.32% decrease from the same period last year. The company also reported quarterly sales of $2.56 billion, beating the analyst consensus estimate of $2.48 billion by 3.56%, a 2.52% increase from the same period last year.
August 04, 2023 | 3:00 pm
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Owens & Minor's Q2 earnings beat estimates but are down significantly YoY. Sales also beat estimates and are up YoY.
While Owens & Minor beat earnings and sales estimates, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The YoY increase in sales is a positive sign, but it's unclear how the market will react to the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100