Omnicell (OMCL) Beats On Q3 Earnings, Raises '19 EPS View
Zacks Investment Research | Oct 24, 2019 11:42PM ET
Omnicell, Inc.’s (NASDAQ:OMCL) third-quarter 2019 adjusted earnings per share (EPS) of 76 cents outpaced the Zacks Consensus Estimate by 5.6%.
Also, adjusted EPS increased 20.6% from the year-ago figure and surpassed the company’s guided range of 67-72 cents as well.
Revenues in Detail
Revenues in the third quarter increased 11.9% year over year to $228.8 million. However, the top line missed the Zacks Consensus Estimate of $232.5 million.
Quarterly Details
On a segmental basis, Product revenues improved 12.6% year over year to $168.5 million in the reported quarter.
Moreover, Service and other revenues climbed 10.4% year over year to $60.3 million.
Operational Update
In the quarter under review, Omnicell's adjusted gross profit rose 12.4% to $115.5 million. Further, adjusted gross margin expanded 20 basis points (bps) to 50.5%.
Omnicell, Inc. Price, Consensus and EPS Surprise
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