AmerisourceBergen: Fiscal 3Q Earnings Snapshot
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.