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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.
For the current quarter ending in June, Omnicell expects its per-share earnings to range from 25 cents to 35 cents.
The company said it expects revenue in the range of $278 million to $288 million for the fiscal second quarter.
Omnicell expects full-year earnings in the range of $1.55 to $1.80 per share, with revenue ranging from $1.15 billion to $1.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a OMCL">Zacks stock report on OMCL at https://www.zacks.com/ap/OMCL