BioScrip earns $3.3 million in first quarter
-
- April
- 30
BioScrip Inc., the pharmacy benefits management company in Elmsford, earned $3.3 million, or 8 cents a share, turning around last year’s loss of $500,000, or a penny a share, the company said this morning.
But revenue dropped slightly to $325.7 million from $327.5 million, the company said.
A BioScrip shareholder said in a letter this week the company should cut costs while exploring a sale.
Anchor Capital of Raleigh, N.C., said in a letter to the BioScrip board that investors have lost confidence in management’s ability to cut costs and operate the company’s assets “at a reasonable level of profitability.”
The company’s shares were trading at $3.04 this morning, up 23 cents, or 8.2 percent. The shares have gained 37 percent on the year.
This entry was posted
on Thursday, April 30th, 2009 at 2:00 pm by Allan Drury.
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