AmerisourceBergen: Fiscal 3Q Earnings Snapshot
CHESTERBROOK, Pa. (AP) _ AmerisourceBergen Corp. (ABC) on Thursday reported fiscal third-quarter profit of $275.8 million.
The Chesterbrook, Pennsylvania-based company said it had profit of $1.25 per share. Earnings, adjusted for one-time gains and costs, came to $1.54 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The prescription drug distributor posted revenue of $43.14 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $42.96 billion.
AmerisourceBergen shares have fallen 13 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 5 percent. The stock has dropped 15 percent in the last 12 months.