RTTNews | Jul 21, 2020 10:18AM EDT

10:18 Tuesday, July 21, 2020 (RTTNews.com) - Shares of Owens & Minor Inc. (OMI) touched a new 52-week high of $14.66, are currently trading at $14.20, up $6.26 or 78.89% Tuesday morning, with huge volume growth. Trading volume is soaring over 13.5 million versus an average volume of 1.78 million shares. The stock has been trading in the range of $2.43 - $14.66 for the past one year.

The company expects to report Q2 GAAP results from continuing operations to be in a range of loss $0.02 - $0.00 profit per share and adjusted non-GAAP EPS in a range of $0.18 - $0.20. On average, seven analysts polled by Thomson Reuters expected a loss of $0.03 per share for the quarter. Analysts' estimate typically exclude certain special items.

For fiscal 2020, Owens & Minor revised its outlook for adjusted earnings to $1.00 - $1.20 per share from $0.50 - $0.60 per share on a constant currency basis. Seven Wall Street analysts have a consensus earnings estimate of $0.50 per share.

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