01:34 PM EDT, 05/02/2024 (MT Newswires) -- Omnicell ( OMCL ) shares were up more than 3% in recent Thursday trading after the company's Q1 results beat analysts' expectations.

The company reported Q1 non-GAAP earnings earlier Thursday of $0.03 per diluted share, down from $0.39 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.09.

Revenue for the quarter ended March 31 was $246.2 million, down from $290.6 million a year earlier.

Analysts surveyed by Capital IQ expected $236.8 million.

The company said it expects Q2 non-GAAP EPS of $0.10 to $0.20. Analysts surveyed by Capital IQ expect $0.27. The company expects revenue for the quarter of $250 million to $260 million. Analysts surveyed by Capital IQ expect $260.9 million.

Omnicell ( OMCL ) maintained its full-year 2024 guidance of $0.90 to $1.40 for non-GAAP EPS and $1.05 billion to $1.12 billion. Analysts surveyed by Capital IQ expect EPS normalized of $1.07 and revenue of $1.06 billion.

Price: 28.02, Change: +0.85, Percent Change: +3.13