Medline: Q4 Financial Overview
Medline Inc. Announces Fourth-Quarter Financial Results
Medline Inc., headquartered in Northfield, Illinois, disclosed a net income of $182 million for the fourth quarter.
Despite this profit, the company reported a net loss of $0.01 per share for the period.
These earnings fell short of what analysts had anticipated, as the consensus among five analysts polled by Zacks Investment Research was for earnings of $0.24 per share.
However, Medline’s revenue for the quarter reached $7.79 billion, surpassing the $7.52 billion forecasted by six Zacks analysts.
Looking at the full year, Medline posted a total profit of $1.16 billion, or $0.01 per share, with annual revenue totaling $28.43 billion.
Financial data provided by Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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