Abaxis Inc. Announces 14% Retreat In Q2 Bottom Line

(RTTNews) - Abaxis Inc. (ABAX) reported a profit for second quarter that decreased compared to the same period last year.

The company said its earnings totaled $6.60 million, or $0.29 per share. This was down from $7.67 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $58.85 million. This was up from $58.55 million last year.

Abaxis Inc. earnings at a glance:

-Earnings (Q2): $6.60 Mln. vs. $7.67 Mln. last year. -Earnings Decline (Y-o-Y): -14.0% -EPS (Q2): $0.29 vs. $0.34 last year. -EPS Decline (Y-o-Y): -14.7% -Analysts Estimate: $0.28 -Revenue (Q2): $58.85 Mln vs. $58.55 Mln last year. -Revenue Change (Y-o-Y): 0.5%