MOUNTAIN VIEW, Calif. (AP) — Omnicell Inc. is raising its fiscal 2012 earnings and revenue forecasts to account for a recent acquisition.
The health care equipment maker said Tuesday that it now expects adjusted earnings of 75 cents to 81 cents per share, with revenue between $307 million and $315 million. It previously forecast adjusted earnings of 67 cents to 72 cents per share on revenue in a range of $263 million to $267 million.
Analysts surveyed by FactSet expect full-year earnings of 72 cents per share on revenue of $273.5 million.
Omnicell said the revised guidance reflects the completion of its buyout of MTS Medication Technologies Inc. MTS, now an Omnicell subsidiary, provides medication packaging systems designed to make it easier to dispense and administer medication.
For the second quarter, Mountain View, Calif.-based Omnicell anticipates adjusted earnings of 17 cents to 18 cents per share on revenue of about $74 million.
Wall Street expects earnings of 17 cents per share on revenue of $65.7 million.
Shares of Omnicell rose 9 cents to $13.89 in morning trading. Its shares have risen 9 percent from a 52-week low of $12.74 per share on the first day of June.
