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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
04/17/201515:32:49Proxy Statement (definitive) (def 14a)
04/03/201516:32:38Statement of Changes in Beneficial Ownership (4)
04/01/201507:45:48Omnicare to Report First-Quarter 2015 Financial Results and Hold...
03/30/201510:19:38The Best Stocks To Buy This Week
03/27/201517:49:51Statement of Changes in Beneficial Ownership (4)
03/27/201517:30:50Omnicare Announces Conversion Rate Adjustment for Convertible...
03/26/201503:20:53Top Large Cap Stocks That Investors Can Buy Now
03/20/201515:12:13Confidential Treatment Order (ct Order)
03/20/201515:10:01Confidential Treatment Order (ct Order)
03/20/201514:24:26Confidential Treatment Order (ct Order)
03/07/201512:01:58InsiderInsights.com Daily Round Up 3/6/15: BK, OAS, GPC, CAPL
03/06/201517:26:23Statement of Changes in Beneficial Ownership (4)
03/06/201517:25:33Statement of Changes in Beneficial Ownership (4)
03/05/201507:45:34Omnicare's Specialty Care Group Advanced Care Scripts (ACS) to...
03/04/201516:59:17Statement of Changes in Beneficial Ownership (4)
03/02/201518:20:50Statement of Changes in Beneficial Ownership (4)
03/02/201518:20:50Statement of Changes in Beneficial Ownership (4)
03/02/201518:20:26Statement of Changes in Beneficial Ownership (4)
03/02/201518:19:56Statement of Changes in Beneficial Ownership (4)
03/02/201518:19:56Statement of Changes in Beneficial Ownership (4)

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