VCA Q2 Results Top Estimates; Boosts FY15 Outlook

(RTTNews) - Animal healthcare company VCA Inc. (WOOF) reported net income for the second quarter of $54.3 million or $0.65 per share, compared to $45.6 million or $0.51 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $0.70 per share.

Revenue for the second quarter rose 12.1% to $548.79 million from $489.47 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenue of $538.92 billion for the second quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now forecasts revenue of $2.12 billion to $2.13 billion, earnings of $2.08 to $2.18 and adjusted earnings of $2.25 to $2.35 per share. Previously, the company forecast revenue of $2.08 billion to $2.09 billion, earnings of $2.00 to $2.10 per share and adjusted earnings of $2.17 to $2.27 per share.

Analysts currently expect the company to earn $2.25 per share on revenue of $2.10 billion for the full year 2015.