Owens & Minor 2013 forecast falls short of Street
RICHMOND, Va. (AP) — Medical supply distributor Owens & Minor Inc. on Thursday issued a 2013 profit forecast that fell short of analyst expectations.
The company said it expects to earn $1.90 to $2 per share for 2013, not counting some expenses from its $158 million purchase of Movianto Group, which allowed it to enter the European health care market. Analysts surveyed by FactSet, on average, were expecting profit of $2.07 per share.
Owens & Minor also said it expects revenue growth of 2 percent to 4 percent. Wall Street is expecting sales of $9.2 billion.
Shares fell 56 cents, or 2 percent, $27.93 in morning trading.