Abaxis Remains Neutral
We recently reiterated our ‘Neutral’ recommendation on Abaxis Inc. (NASDAQ:ABAX) with a target price of $28.00. Abaxis reported EPS of 13 cents in the third quarter of fiscal 2012, missing the year-ago quarter EPS by 4 cents, as well as the Zacks Consensus Estimate of 16 cents. Net sales during the quarter increased 5% year [...]
We recently reiterated our ‘Neutral’ recommendation on Abaxis Inc. (NASDAQ:ABAX) with a target price of $28.00.
Abaxis reported EPS of 13 cents in the third quarter of fiscal 2012, missing the year-ago quarter EPS by 4 cents, as well as the Zacks Consensus Estimate of 16 cents.
Net sales during the quarter increased 5% year over year to $37.9 million, but lagged the Zacks Consensus Estimate of $41 million. The year-over-year growth was fueled by higher sales in both North America (up 6% to $31.8 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards