Heska Reports Second Quarter Results
Heska Corporation (HSKA)
Last heska corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
ir.heska.com
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Source: PR Newswire
LOVELAND, Colo., Aug. 7, 2018 /PRNewswire/ -- Heska Corporation (NASDAQ: HSKA - News; "Heska" or the "Company"), a provider of advanced veterinary diagnostic and specialty products, today reported financial results for its second quarter ended June 30, 2018. The Company reports results in two segments: Core Companion Animal ("CCA") and Other Vaccines & Pharmaceuticals ("OVP"). The Company forecast provided during the May 15, 2018 Analyst Day in New York is referred to in this release as "Outlook"(1).Second Quarter 2018 Highlights with Second Quarter Prior Year and Outlook Comparisons:Net revenue down 11.2% to $29.7 million (Outlook $30.0 million) CCA segment revenue up 2.1% to $26.6 millionPoint of Care Laboratory Consumables revenue up 16.0%Point of Care Imaging revenue down 8.2% OVP segment revenue down 58.7% to $3.0 millionConsolidated gross margin down 70 basis points (bps) to 44.0% (Outlook 43%) due to OVP plant utilization charges and product mix (impact of approximately 390 bps
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