VCA Antech Fetches Solid Numbers

The pet care company beats second-quarter numbers and reaffirms guidance.
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VCA Antech

(WOOF)

posted a second-quarter profit and reaffirmed 2005 guidance.

The Los Angeles-based pet care company earned $11.3 million, or 13 cents a share, down from the year-ago $18.2 million, or 22 cents a share. Figures for the latest quarter ended June 30 included a debt-retirement charge of 14 cents a share. Excluding that number, the company's earnings beat the Thomson First Call analyst consensus estimate by a penny.

Revenue rose 22% from a year ago to $206 million, as consolidated animal hospital revenue rose 22% and animal hospital revenue same-store sales growth was 6.4%.

The company also guided to 2005 adjusted earnings, excluding certain costs, of 89 to 90 cents a share on revenue of $822 million.

Late Tuesday, VCA Antech was flat at $23.70.