Why Owens & Minor Stock Is Tumbling Today
Shares of Owens & Minor (NYSE: OMI) were tumbling 9.5% lower as of 11:24 a.m. EDT on Tuesday. The decline came after the healthcare solutions company provided its second-quarter update.
Owens & Minor reported Q2 revenue of $2.5 billion, a 38% year-over-year increase. This result came in slightly higher than the consensus estimate of $2.47 billion. It also delivered record earnings, with adjusted earnings per share of $1.06 well above the average analysts' estimate of $0.97.
Image source: Getty Images.
Source Fool.com
