Daily Slaughterhouse: Animal Health International (AHII)
Posted in GeneralAnimal Health International Inc. (NASDAQ: AHII) looks to be today’s worst performing stock. The company missed earnings by a wide margin. Earnings were $0.01 EPS vs, Thomson Reuters (First Call) estimates of $0.11 EPS. Revenues rose almost 3% to $169 million, but that is also under the $178.9 million estimate.
The company now sees Fiscal-2009 revenues in a range of $650 to $680 million. That is well under the $758.71 million estimate.
Shares are down 40% at a new 52-week low of $3.78 on 120,000+ shares as of 9:50 AM EST. This drop has also taken its market cap under the $100 million mark. Its average daily volume is only about 70,000 shares and its 52-week trading range was $4.72 to $13.67.
Jon C. Ogg
November 4, 2008
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