AmerisourceBergen tops 3Q profit and revenue expectations



We also have more stories about:
(click the phrases to see a list)

Subjects:

 


CHESTERBROOK, Pennsylvania — AmerisourceBergen Corp. (ABC) on Thursday reported fiscal third-quarter net income of $214.2 million, after reporting a loss in the same period a year earlier.

The Chesterbrook, Pennsylvania-based company said it had profit of 89 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.20 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The prescription drug distributor posted revenue of $34.23 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $33.9 billion.

AmerisourceBergen expects full-year earnings in the range of $4.92 to $4.97 per share.

AmerisourceBergen shares have increased 27 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 3 percent. The stock has increased 59 percent in the last 12 months.

_____

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

_____

Keywords: AmerisourceBergen, Earnings Report

All content copyright ©2015 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528