U.S. Markets open in 4 hrs 6 mins

Omnicell beats 3Q profit forecasts

MOUNTAIN VIEW, Calif. (AP) _ Omnicell Inc. (OMCL) on Thursday reported third-quarter earnings of $6.2 million.

The Mountain View, California-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 42 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The Omnicell Inc. posted revenue of $186.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $191.9 million.

For the current quarter ending in December, Omnicell expects its per-share earnings to range from 49 cents to 55 cents.

The company said it expects revenue in the range of $201 million to $207 million for the fiscal fourth quarter.

Omnicell expects full-year earnings in the range of $1.27 to $1.33 per share, with revenue ranging from $720 million to $726 million.

Omnicell shares have climbed 59 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.95, a climb of 55 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMCL at https://www.zacks.com/ap/OMCL