Embecta Corp. (EMBC) reported a profit for second quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $23.5 million, or $0.40 per share. This compares with $28.9 million, or $0.50 per share, last year.
Excluding items, Embecta Corp. reported adjusted earnings of $40.7 million or $0.70 per share for the period.
Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.8% to $259.0 million from $287.2 million last year.
Embecta Corp. earnings at a glance (GAAP) :
-Earnings: $23.5 Mln. vs. $28.9 Mln. last year.
-EPS: $0.40 vs. $0.50 last year.
-Revenue: $259.0 Mln vs. $287.2 Mln last year.
-Guidance:
Full year revenue guidance: $1,073 - $1,090 Mln
For comments and feedback: editorial@rttnews.com