Owens & Minor Q4 Adjusted EPS $0.69 Beats $0.66 Estimate, Sales $2.66B Inline
Portfolio Pulse from Benzinga Newsdesk
Owens & Minor (NYSE:OMI) reported Q4 adjusted EPS of $0.69, surpassing the $0.66 estimate, marking a 146.43% increase from last year. Quarterly sales reached $2.66B, slightly missing the $2.66B estimate but showing a 4.12% increase from the previous year.
February 20, 2024 | 11:32 am
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Owens & Minor reported a significant increase in Q4 earnings per share, beating estimates, but narrowly missed sales estimates.
The positive earnings report, especially the significant year-over-year increase and beating EPS estimates, is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the slight miss on sales estimates could temper some of the positive momentum.
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