Why Owens & Minor's Stock Is Trading Higher Today
Owens & Minor (NYSE: OMI) shares are trading higher on Thursday after the company raised its fiscal year 2020 guidance.
The company is revising its outlook for full-year adjusted net income from$1.00 to$1.20 per share to adjusted net income of $1.75 to $1.90per share.
Owens & Minor distributes consumable medical supplies to a variety of providers. The company operates in two segments that are Global products and Global Solutions.
Owens & Minor shares were trading up 56.31% at $21.54 at the time of publication. The stock has a 52-week high of $21.57 and a 52-week low of $3.63.
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