U.S. Markets open in 2 hrs 26 mins

Owens & Minor: 1Q Earnings Snapshot

MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Tuesday reported a first-quarter loss of $14.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mechanicsville, Virginia-based company said it had a loss of 23 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The medical supply distributor posted revenue of $2.46 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $2.48 billion.

Owens & Minor expects full-year earnings in the range of 60 cents to 75 cents per share.

The company's shares closed at $3.77. A year ago, they were trading at $15.65.

_____

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