MECHANICSVILLE, Va. (AP) _ Owens & Minor Inc. (OMI) on Wednesday reported first-quarter net income of $69.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Mechanicsville, Virginia-based company said it had profit of 98 cents. Earnings, adjusted to extinguish debt and for amortization costs, were $1.57 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The medical supply distributor posted revenue of $2.33 billion in the period.

Owens & Minor expects full-year earnings in the range of $3.75 to $4.25 per share.

Owens & Minor shares have risen 30% since the beginning of the year. The stock has more than quadrupled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMI at https://www.zacks.com/ap/OMI