Omnicare Inc. (OCR) reported that its fourth-quarter net income rose to $59.02 million or $0.54 per share, from $31.18 million or $0.27 per share in the same quarter last year.
Adjusted cash earnings per share from continuing operations for the quarter increased to $0.86 from $0.78 last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter declined to $1.53 billion from $1.58 billion in the prior year quarter. Eight analysts had consensus revenue estimate of $1.51 billion for the quarter.
For fiscal 2013, the company expects adjusted cash earnings per share, excluding special items, to be in the range of $3.47 to $3.57, and revenue of $6.1 billion to $6.2 billion. Analysts expect the company to report earnings of $3.53 per share on revenues of $6.22 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.