BioScrip (BIOS) Quarterly Revenue and Net Income Soars
BioScrip, Inc., the specialty pharmacy and pharmacy services provider, had a double dose of good news today with the announcement of exceptional second quarter revenue and earnings figures. Consolidated revenue grew to $348.4 million, an 18.2% increase over the same period last year. Specialty Services revenue shot up to $298.2 million, a 25.3% over the prior year. Even more impressive was quarterly net income, which grew to $1.6 million, compared to $.5 million last year. Net income was helped along by the company’s healthy control over operating expenses, which shrunk as a percentage of revenue to 9.3% from 10.3% over…