Chembio Diagnostics Inc. (CEMI) Thursday reported first-quarter net income of $0.3 million or $0.04 per share, compared to $0.4 million or $0.05 per share last year.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.02 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $6.68 million, up from $6.65 million in the prior year quarter, while two analysts had consensus revenue estimate of $6.91 million for the quarter.
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