RTTNews | Oct 28, 2020 10:05AM EDT

10:04 Wednesday, October 28, 2020 (RTTNews.com) - Shares of Omnicell Inc. (OMCL) are currently trading at $90.02, up $4.43 or 5.18% in the Wednesday's regular trading session, with trading volume of over 201K versus an average volume of 457K shares. The stock has been trading in the range of $54.24 - $94.85 for the past one year.

The company issued upbeat Q4, FY20 guidance, and reported better-than-expected Q3 results.

FY20 Outlook

Omnicell sees 2020 non-GAAP earnings between $2.35 and $2.40 per share, on non-GAAP total revenue of $881 million - $887 million. Wall Street analysts estimate earnings of $2.24 per share and revenue of $874.11 million for 2020.

Q4 Guidance

The company projects fourth-quarter non-GAAP total revenues to be between $238 million and $244 million, with non-GAAP earnings of $0.72 - $0.77 per share. Analysts look for earnings of $0.72 per share on revenue of $236.36 million for the quarter.

Q3 Results

The company's Q3 GAAP net income was $8.8 million or $0.20 per share compared to $20.0 million or $0.46 per share last year. Non-GAAP net income was $26.2 million or $0.60 per share versus $32.7 million or $0.76 per share earned a year ago. Non-GAAP revenues for the quarter amounted to $213.7 million, down 6.6%, from the previous year's revenue of $228.8 million.

Analysts polled by Thomson Reuters expected earnings of $0.49 per share on revenue of $208.46 million for the quarter. Analysts' estimate typically exclude certain special items.

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