SAN FRANCISCO (Thomson Financial) - VCA Antech Inc. reported fourth-quarter
adjusted earnings of $22.5 million, or 26 cents a share, in line with the mean
estimate of analysts polled by Thomson Financial.
Adjusted income in the year-prior quarter was $19.3 million, or 23 cents a
share.
The company reported net earnings for the quarter ended Dec. 31 of $24.6
million, or 29 cents a share, versus $19.3 million, or 23 cents a share, a year
ago.
The fourth quarter net earnings include a benefit of $3.5 million, or $2.2
million after tax, the company said.
Revenue rose to $284.2 million from $242.4 million a year earlier, meeting
Wall Street expectations.
The Los Angeles-based animal healthcare company said it expects 2008
earnings of $1.55 to $1.60 a share on revenue of $1.3 billion to $1.33 billion.
Net income is expected to range from $135 million to $139 million.
VCA Antech shares closed the regular session at $33.02.
Brigid Gaffikin
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