Owens & Minor Soars After Earnings Outlook Is Raised

Eufemia Didonato

Owens & Minor  (OMI) – Get Report shares skyrocketed Thursday after the maker of medical supplies including personal protection equipment raised its earnings guidance. Owens & Minor stock was trading Thursday at $21.25, up 54.13%, and has soared an astronomical 314% so far this year. The coronavirus pandemic, of course, has […]

Owens & Minor  (OMI) – Get Report shares skyrocketed Thursday after the maker of medical supplies including personal protection equipment raised its earnings guidance.

Owens & Minor stock was trading Thursday at $21.25, up 54.13%, and has soared an astronomical 314% so far this year.

The coronavirus pandemic, of course, has created an explosion of demand for PPE.

Owens & Minor boosted its adjusted profit forecast for all of 2020 to a range of $1.75 to $1.90 a share, up from $1 to $1.20.

In a statement, the company said the increase stemmed from: 

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