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Abaxis (ABAX) Misses Q2 EPS by 1c

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Abaxis Reports Financial Performance for the Second Quarter of Fiscal 2017

October 25, 2016 4:01 PM EDT

UNION CITY, Calif., Oct. 25, 2016 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a global diagnostics company manufacturing point-of-care blood analysis instruments and consumables for the medical and veterinary markets worldwide, today reported financial results for the second fiscal quarter ended September 30, 2016.

Second quarter overview:

Revenues of $58.6 million, up 5% over last year's comparable quarter. Diluted net income per share from continuing operations of $0.51, compared to $0.34 from last year, up 50%. Diluted net income per share for the second quarter includes the effect of the gain from... More