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AmerisourceBergen: Fiscal 1Q Earnings Snapshot

January 31, 2019

CHESTERBROOK, Pa. (AP) _ AmerisourceBergen Corp. (ABC) on Thursday reported fiscal first-quarter profit of $393.7 million.

On a per-share basis, the Chesterbrook, Pennsylvania-based company said it had net income of $1.84. Earnings, adjusted for one-time gains and costs, were $1.60 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The prescription drug distributor posted revenue of $45.39 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $43.52 billion.

AmerisourceBergen expects full-year earnings in the range of $6.65 to $6.85 per share.

AmerisourceBergen shares have climbed almost 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 7 percent. The stock has decreased 23 percent 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 ABC at https://www.zacks.com/ap/ABC

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