Investors are Digesting These Medical Stock Earnings Insights
Omnicare Inc. (NYSE:OCR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 6.17% to $0.86 in the quarter versus EPS of $0.81 in the year-earlier quarter. Revenue decreased 1.74% to $1.53 billion from the year-earlier quarter.
Omnicare Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.84. It missed the average revenue estimate of $1.55 billion.