Abaxis Inc. Earnings Advance 118% In Q4

(RTTNews) - Abaxis Inc. (ABAX) announced a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $8.30 million, or $0.36 per share. This was higher than $3.80 million, or $0.17 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.5% to $56.96 million. This was up from $52.02 million last year.

Abaxis Inc. earnings at a glance:

-Earnings (Q4): $8.30 Mln. vs. $3.80 Mln. last year. -Earnings Growth (Y-o-Y): 118.4% -EPS (Q4): $0.36 vs. $0.17 last year. -EPS Growth (Y-o-Y): 111.8% -Analysts Estimate: $0.32 -Revenue (Q4): $56.96 Mln vs. $52.02 Mln last year. -Revenue Change (Y-o-Y): 9.5%