Abaxis Q2 Profit Declines

(RTTNews) - Abaxis Inc.(ABAX) posted second-quarter net income of $4.0 million, or $0.18 per share, compared to $12.9 million or $0.58 per share in the prior year quarter.

Income from operations for the quarter declined to $5.7 million or $0.25 per share from $20.7 million or $0.93 per share in the year-ago period.

Total revenues for the latest second quarter of 2013 increased 4% to $45.85 million from $44.26 million in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.21 per share on revenues of $48.62 million. Analysts' estimates typically exclude special items.