VCA Antech Inc. (WOOF) reported that its first quarter net income attributable to the company was $30.4 million or $0.34 per share, compared to $35.2 million or $0.40 per share in the same quarter last year.
Adjusted income attributable to the company for the latest quarter was $35.8 million or $0.40 per share, up from $32.4 million or $0.37 per share in the comparable quarter last year.
On average, eleven analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
In addition, the company said its Board has authorized a new share repurchase program, of up to $125 million of the company's common shares.
Meanwhile, total revenue for the quarter rose to $438.60 million from $409.46 million in the prior year quarter, while nine analysts had consensus revenue estimate of $416.78 million for the quarter.
Looking ahead to fiscal 2013, the company expects adjusted earnings to be in a range between $1.59 and $1.69 per share. Analysts currently expect fiscal 2013 earnings of $1.49 per share.
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