Owens & Minor Slashes FY22 Outlook; Stock Down 17%

RTTNews | 952 дней спустя
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.

Тэгов: OMI
read more
Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | 1ч 29мин назад
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | 2ч 6мин назад
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | 6ч 47мин назад
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | 7ч 37мин назад
FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.
RTTNews | 7ч 44мин назад
CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | 8ч 17мин назад
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | 8ч 24мин назад