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Why Owens & Minor's Shares Popped 20.1% Today

TheMotleyFool

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Why Owens & Minor's Shares Popped 20.1% TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of healthcare services company Owens & Minor, Inc. (NYSE: OMI) jumped as much as 20.1% in trading Thursday after the company reported second-quarter 2019 results. Shares gave back some of those gains late in the day and ended trading up 11.3% for the day.

Quarterly revenue rose less than 1% to $2.48 billion but easily topped the $2.43 billion that analysts were expecting. Net loss improved from $182.8 million a year ago to a loss of $10.5 million, or $0.18 per share. On an adjusted basis, the company earned $0.10 per share, which topped the $0.07 that analysts expected.

Image source: Getty Images.

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