Edition:
India

Abaxis Inc (ABAX.OQ)

ABAX.OQ on NASDAQ Stock Exchange Global Select Market

83.05USD
8:50pm IST
Change (% chg)

$0.02 (+0.02%)
Prev Close
$83.03
Open
$83.04
Day's High
$83.15
Day's Low
$82.99
Volume
12,849
Avg. Vol
96,346
52-wk High
$83.94
52-wk Low
$43.66

Latest Key Developments (Source: Significant Developments)

Zoetis Says Upon Deal Termination By Abaxis Or Co, Termination Fee Of $70 Mln May Be Payable By Abaxis
Wednesday, 16 May 2018 

May 16 (Reuters) - Abaxis Inc ::ZOETIS SAYS UPON DEAL TERMINATION BY ABAXIS OR CO, TERMINATION FEE OF $70 MILLION MAY BE PAYABLE BY ABAXIS - SEC FILING.  Full Article

Zoetis To Acquire Abaxis for about $2 Bln In Aggregate
Wednesday, 16 May 2018 

May 16 (Reuters) - Zoetis Inc ::ZOETIS TO ACQUIRE ABAXIS, A LEADING GLOBAL PROVIDER OF VETERINARY POINT-OF-CARE DIAGNOSTIC INSTRUMENTS.ZOETIS INC - PURCHASE PRICE OF DEAL WAS $83 PER SHARE IN CASH, OR APPROXIMATELY $2.0 BILLION IN AGGREGATE.ZOETIS INC - EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN 2019.ZOETIS INC - INTENDS TO FUND PURCHASE THROUGH A COMBINATION OF EXISTING CASH AND NEW DEBT.ZOETIS - EXPECTS DEAL TO HAVE IMPACT ON 2018 EARNINGS RELATED TO CUSTOMARY CLOSING ACTIVITIES; ON ADJUSTED BASIS, CO DOES NOT EXPECT MATERIAL IMPACT.  Full Article

Abaxis Reports Q3 Non-GAAP Earnings Per Share $0.31
Friday, 26 Jan 2018 

Jan 25 (Reuters) - Abaxis Inc ::ABAXIS REPORTS FINANCIAL PERFORMANCE FOR THE THIRD QUARTER OF FISCAL 2018 AND DECLARES QUARTERLY CASH DIVIDEND.Q3 NON-GAAP EARNINGS PER SHARE $0.31 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.18.Q3 REVENUE $59.7 MILLION VERSUS I/B/E/S VIEW $56.8 MILLION.Q3 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.‍PLAN TO LAUNCH NEW URINE SEDIMENT ANALYZER WHICH TARGETS A LARGE VETERINARY MARKET SEGMENT LATER IN SAME QUARTER​.  Full Article

Abaxis Sees Q3 2018 Revenue $59 Million To $60 Million
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Abaxis Inc ::EXPECTS OPERATING INCOME BEFORE INCOME TAX PROVISION IN THIRD FISCAL QUARTER OF FISCAL 2018 OF $9.0 MILLION TO $10.0 MILLION.ABAXIS REPORTS PRELIMINARY FINANCIAL PERFORMANCE FOR THE THIRD QUARTER OF FISCAL 2018.SEES Q3 2018 REVENUE $59 MILLION TO $60 MILLION.DURING Q3 OF FISCAL 2018, EXPECTS TO RECORD ONE-TIME NON-CASH CHARGE OF ABOUT $2.5 MILLION TO $3.5 MILLION TO ITS INCOME STATEMENT DUE TO TCJA.FOLLOWING TAX CUTS AND JOBS ACT, EXPECTS EFFECTIVE INCOME TAX RATE TO DECLINE BY 200 TO 300 BASIS POINTS IN FISCAL 2018.ABAXIS ESTIMATES ITS EFFECTIVE INCOME TAX RATE IN FISCAL 2019 WILL BE LOWER BY 1,000 TO 1,200 BASIS POINTS COMPARED TO FISCAL 2017​.  Full Article

Abaxis reports Q2 earnings per share $0.29
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Abaxis Inc :Abaxis reports financial performance for the second quarter of fiscal 2018 and declares quarterly cash dividend.Q2 revenue $58.9 million versus I/B/E/S view $61 million.Q2 earnings per share $0.29.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.  Full Article

Abaxis Q1 earnings per share $0.30
Friday, 22 Jul 2016 

Abaxis Inc : Board of directors has approved a $30 million increase to its existing share repurchase program, to a total of $54 million . As of June 30, 2016, Abaxis had $24.0 million of its common stock available for repurchase under its share repurchase program . Abaxis reports financial performance for the first quarter of fiscal 2017 and declares a quarterly cash dividend . Q1 earnings per share $0.30 . Q1 revenue $57.7 million versus I/B/E/S view $58.7 million .Q1 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.  Full Article

Photo

Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 billion

Top animal health company Zoetis Inc will buy Abaxis Inc for $1.9 billion, looking to capture a bigger slice of the fast-growing market for diagnostics services that cater to household pets and farm animals.