Owens & Minor Q1 Profit Decreases - Quick Facts

(RTTNews) - Owens & Minor Inc. (OMI) reported that its first-quarter net income decreased to $25.48 million or $0.41 per share, from $26.10 million or $0.41 per share, previous year. Adjusted net income per share was $0.44 for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased to $2.26 billion from $2.25 billion. Analysts expected revenue of $2.28 billion for the quarter.

The company reiterated its financial guidance for 2014, which was originally issued at its December 2013 Investor Day. For 2014, the company continues to expect revenue growth of up to 2% and adjusted net income per share of $1.95 to $2.05. Analysts expect the company to report 2014 profit per share of $2.02.