Embecta Corp. (EMBC) reported third quarter net income of $14.7 million or $0.25 per share, compared to $15.2 million or $0.26 per share, in the prior year period. Adjusted net income was $43.0 million or $0.74 per share, compared to $39.8 million or $0.69 per share. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.46, for the quarter. Analysts' estimates typically exclude special items.
Third quarter revenues were $272.5 million, down 4.8% on a reported basis; and down 3.9% on a constant currency basis. Analysts on average had estimated $267.43 million in revenue.
For fiscal 2024, the company now expects adjusted earnings per share in a range of $2.30 - $2.35, revised from prior guidance range of $2.20 - $2.30.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.