Owens & Minor Slashes FY22 Outlook; Stock Down 17%

RTTNews | Před 952 dny
Owens & Minor Slashes FY22 Outlook; Stock Down 17%

(RTTNews) - Healthcare solutions company Owens & Minor, Inc. (OMI) on Wednesday preliminary results for the third quarter and slashed its adjusted earnings guidance for the full-year 2022.

For the third quarter, the company expects earnings in a range of $0.15 to $0.17 per share and adjusted earnings in a range of $0.39 - $0.41 per share.

On average, six analysts polled by Thomson Reuters expect the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

For fiscal 2022, Owens & Minor now projects adjusted earnings in a range of $2.50 to $2.60 per share, down from the prior for forecast range of $2.85 to $3.15 per share. The Street is looking for earnings of $2.99 per share for the year.

The company also announced certain changes to its executive leadership team, including the appointment of Andrew Long as EVP, CEO, Products & Healthcare Services segment, replacing Jeffrey Jochims who will be leaving the Company.

Long has served as the Company's EVP and CFO since joining the Company in November 2019. In addition, Alexander Bruni has been promoted to EVP and CFO, replacing Long.

Značky : OMI
read more
Soft Start Anticipated For Thai Stock Market

Soft Start Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last 11 trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,180-point plateau and it may tick lower again on Thursday.
RTTNews | Před 26 minutami
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,100 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | Před 55 minutami
Indonesia Bourse May Hand Back Wednesday's Gains

Indonesia Bourse May Hand Back Wednesday's Gains

The Indonesia stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had rallied more than 310 points or 4.5 percent. The Jakarta Composite Index now rests just above the 7,140-point plateau, although it may head south again on Thursday. The global forecast for the Asian markets is negative on concerns over rising bond yields. The European markets were mixed and the U.S. bourses were sharply lower and the Asian markets also figure to open under pressure.
RTTNews | Před 56 minutami
Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market has finished higher in consecutive trading days, accelerating almost 500 points or 2.2 percent along the way. The Hang Seng Index now sits just above the 23,825-point plateau, although it's likely to run out of steam on Thursday.
RTTNews | Před 1 h 11 min
Australian Market Notably Lower

Australian Market Notably Lower

The Australian market is trading notably lower on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by and technology stocks. Gold miners are the only bright spot.
RTTNews | Před 1 h 13 min
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has climbed higher in three straight sessions, improving more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just shy of the 3,390-point plateau, although it may run out of steam on Thursday.
RTTNews | Před 1 h 26 min
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market has tracked higher in two straight sessions, collecting more than 280 points or 1.3 percent along the way. The Taiwan Stock Exchange now sits just above the 21,800-point plateau, although it's expected to open under pressure on Thursday.
RTTNews | Před 1 h 56 min
Singapore GDP Climbs 3.9% On Year In Q1

Singapore GDP Climbs 3.9% On Year In Q1

Singapore's gross domestic product expanded 3.9 percent on year in the first quarter of 2025, the Ministry of Trade and Industry said on Thursday.
RTTNews | Před 2 h 21 min