Animal Health International Misses Estimates (AHII)

Westlake, Texas-based Animal Health International, Inc. AHII released financial results on Tuesday morning that missed Wall Street estimates. Animal Health International, Inc announced that its 2nd quarter net income surged 52.5% to $1.9 million, or 7 cents per share, up from $1.2 million, or 5 cents per share, a year earlier. Excluding special items, the company reported earnings of 9 cents per share. Animal Health International, Inc reported revenue of $198.2 million, up 16.3% from $170.5 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 12 cents per share, on revenue of $184.37 million. Chairman and Chief Executive Officer Jim Robison said, "We are executing well and pleased with our second quarter results. With the refinancing of our debt completed during the quarter and good results, we are optimistic about the year." Animal Health International, Inc. (AHII) finished the previous trading day at $2.94 per share. The consensus price target of analysts covering the company's stock is $3.25 per share. Animal Health International, Inc through its wholly owned subsidiaries, is engaged in the distribution of animal health products in the United States and Canada. The company's subsidiaries distribute more than 40,000 products sourced from over 1,500 manufacturers to over 71,000 customers, including veterinarians, production animal operators, and animal health product retailers. Read more from Benzinga's Company news.