AmerisourceBergen: Fiscal 3Q Earnings Snapshot

August 2, 2018

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.


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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