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AmerisourceBergen: Fiscal 3Q Earnings Snapshot

August 1, 2019

CHESTERBROOK, Pa. (AP) _ AmerisourceBergen Corp. (ABC) on Thursday reported fiscal third-quarter profit of $302 million.

The Chesterbrook, Pennsylvania-based company said it had net income of $1.43 per share. Earnings, adjusted for severance costs and non-recurring costs, came to $1.76 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The prescription drug distributor posted revenue of $45.24 billion in the period, which met Street forecasts.

AmerisourceBergen expects full-year earnings in the range of $7 to $7.10 per share.

AmerisourceBergen shares have increased 17% since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has increased 6.5% 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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