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Medical Action Industries Inc. (NASDAQ:MDCI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 400% to $0.10 in the quarter versus EPS of $0.11 in the year-earlier quarter. Revenue decreased 3.51% to $109 million from the year-earlier quarter.
Medical Action Industries Inc. reported adjusted EPS income of $0.10 per share. By that measure, the company beat the mean analyst estimate of $0.05. It missed the average revenue estimate of $115.19 million.
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