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Why Owens & Minor Stock Just Dropped 22.5%

TheMotleyFool

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Why Owens & Minor Stock Just Dropped 22.5%Photo, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Owens & Minor (NYSE: OMI) beat expectations in its Q4 earnings report this morning. Nonetheless, the stock is down for the global healthcare solutions company -- 22.5% as of 10:45 a.m. EST, and falling.

Heading into earnings, analysts had predicted Owens & Minor would earn $0.23 per share in adjusted (pro forma) profits on sales of $2.5 billion. Owens beat the earnings number, reporting a pro forma profit of $0.26 per share.

Image source: Getty Images.

Source Fool.com

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