Abaxis Inc. Earnings Advance 35% In Q3

(RTTNews) - Abaxis Inc. (ABAX) revealed a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $7.96 million, or $0.35 per share. This was higher than $5.89 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.7% to $52.88 million. This was down from $56.05 million last year.

Abaxis Inc. earnings at a glance:

-Earnings (Q3): $7.96 Mln. vs. $5.89 Mln. last year. -Earnings Growth (Y-o-Y): 35.1% -EPS (Q3): $0.35 vs. $0.26 last year. -EPS Growth (Y-o-Y): 34.6% -Analysts Estimate: $0.33 -Revenue (Q3): $52.88 Mln vs. $56.05 Mln last year. -Revenue Change (Y-o-Y): -5.7%