Sharps Compliance: Fiscal 3Q Earnings Snapshot
HOUSTON (AP) _ Sharps Compliance Corp. (SMED) on Tuesday reported a loss of $1.6 million in its fiscal third quarter.
The Houston-based company said it had a loss of 10 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The medical waste management company posted revenue of $10.4 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $10.6 million.
Sharps Compliance shares have risen 81% since the beginning of the year. The stock has more than doubled in the last 12 months.