Omnicell: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 04:15 PM ET
Last Updated - Jun 21, 2023, 11:49 PM EDT
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Omnicell Inc. (OMCL) on Tuesday reported a loss of $15 million in its first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 33 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The Omnicell Inc. posted revenue of $290.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $276.9 million.
