Owens & Minor Announces 10% Fall In Q4 Profit

(RTTNews) - Owens & Minor (OMI) reported a profit for fourth quarter that decreased from last year.

The company said its bottom line dropped to $31.58 million, or $0.52 per share. This was lower than $35.13 million, or $0.56 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.8% to $2.37 billion. This was down from $2.49 billion last year.

Owens & Minor earnings at a glance:

-Earnings (Q4): $31.58 Mln. vs. $35.13 Mln. last year. -Earnings Decline (Y-o-Y): -10.1% -EPS (Q4): $0.52 vs. $0.56 last year. -EPS Decline (Y-o-Y): -7.1% -Analysts Estimate: $0.50 -Revenue (Q4): $2.37 Bln vs. $2.49 Bln last year. -Revenue Change (Y-o-Y): -4.8%