Healthcare Logistics Provider Owens & Minor Q3 Results Showcases Resilience But Tightens Annual Outlook
Portfolio Pulse from Vandana Singh
Owens & Minor Inc (OMI) reported Q3 adjusted EPS of $0.44, beating the consensus of $0.35. Q3 revenues increased 3.8% Y/Y to $2.59 billion. However, the company tightened its FY23 outlook, leading to a 5.61% drop in premarket trading.
November 03, 2023 | 1:34 pm
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Owens & Minor reported strong Q3 results but tightened its FY23 outlook, causing a drop in its stock price.
Owens & Minor reported better than expected Q3 results, with an increase in revenues and EPS. However, the company tightened its FY23 outlook, which seems to have negatively impacted investor sentiment, leading to a drop in the stock price.
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