VCA Antech Earnings: Here’s Why Investors Like These Results
VCA Antech Inc. (NASDAQ:WOOF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.78%.
VCA Antech Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.65% to $0.40 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 7.12% to $438.61 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: VCA Antech Inc. reported adjusted EPS income of $0.40 per share. By that measure, the company beat the mean analyst estimate of $0.36. It missed the average revenue estimate of $447.21 million.
Quoting Management: Bob Antin, Chairman and CEO, stated, “We are encouraged with the improvement in revenue in both our core Animal Hospital and Laboratory business segments. We experienced improving margins in our Laboratory business segment and are encouraged by our ability to manage margins in our Animal Hospital business segment.”
Key Stats (on next page)…