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UPDATE 1-BioScrip posts quarterly loss
April 30, 2010 / 11:10 AM / 8 years ago

UPDATE 1-BioScrip posts quarterly loss

* Q1 loss/shr $0.08 vs year-ago EPS $0.08

* Q1 rev up 3 pct to $335.1 mln

* Reaffirms 2010 outlook

April 30 (Reuters) - Specialty pharmaceutical healthcare company BioScrip Inc (BIOS.O) posted a quarterly loss, hurt by charges related to its acquisition of Critical Homecare Solutions and higher operating expenses.

For the first quarter, the company posted a net loss of $7.2 million, or 18 cents a share, compared with net income of $3.3 million, or 8 cents a share in the year-ago period.

Analysts were expecting a profit of 7 cents a share for the quarter, according to Thomson Reuters I/B/E/S.

Revenue rose about 3 percent to $335.1 million, but fell short of analysts’ expectations of $350.1 million.

Operating expenses jumped 43 percent to $45.2 million.

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Shares of BioScrip closed at $9.20 Thursday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Maju Samuel)

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