Sharps Compliance: Fiscal 1Q Earnings Snapshot

HOUSTON (AP) _ Sharps Compliance Corp. (SMED) on Tuesday reported a fiscal first-quarter loss of $293,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 2 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The medical waste management company posted revenue of $13.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $14.9 million.

Sharps Compliance shares have increased 46% since the beginning of the year. The stock has increased 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMED at https://www.zacks.com/ap/SMED