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Omnicare 1Q Profit Declines 42% As Margins Fall

DOW JONES NEWSWIRES Omnicare Inc.'s (OCR) first-quarter earnings fell 42%, though adjusted results still topped analysts' estimates, as margins declined and the company saw a bigger loss from discontinued operations. The provider of drugs to nursing homes and assisted-living centers has struggled with falling earnings in recent quarters, hurt by litigation charges and other expenses. Omnicare reported a profit of $29.3 million, or 26 cents a share, down from $50.9 million, or 43 cents, a year earlier. Excluding litigation settlement and other items, earnings per share fell to 52 cents from 59 cents. Revenue rose 2.3% to $1.53 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 50 cents on $1.52 billion in revenue. Gross margin fell to 22.1% from 23%. The company's loss from discontinued operations widened to $21.2 million from $7.3 million in the year-earlier period. Shares were inactive premarket after closing the prior day at $32.71. As of the close, the stock had risen 15% the past year. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com;

Stock News for Omnicare (OCR)
DateTimeHeadline
08/25/201517:08:24Post-effective Amendment to an Automatic Shelf Registration of...
08/25/201517:01:32Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201517:01:07Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201517:00:40Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201517:00:14Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:59:47Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:59:47Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:59:22Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:59:22Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:58:53Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:58:53Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:58:00Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:57:36Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:57:35Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/25/201516:57:08Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/20/201517:35:24Statement of Changes in Beneficial Ownership (4)
08/20/201517:34:24Statement of Changes in Beneficial Ownership (4)
08/20/201517:32:41Statement of Changes in Beneficial Ownership (4)
08/20/201517:31:49Statement of Changes in Beneficial Ownership (4)
08/20/201517:29:33Statement of Changes in Beneficial Ownership (4)

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