AmerisourceBergen: Fiscal Q2 Earnings Snapshot
CONSHOHOCKEN, Pa. (AP) _ AmerisourceBergen Corp. (ABC) on Wednesday reported fiscal second-quarter earnings of $548 million.
On a per-share basis, the Conshohocken, Pennsylvania-based company said it had profit of $2.59. Earnings, adjusted for non-recurring costs, came to $3.22 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share.
The prescription drug distributor posted revenue of $57.72 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $57.21 billion.
AmerisourceBergen expects full-year earnings in the range of $10.80 to $11.05 per share.
AmerisourceBergen shares have risen 13% since the beginning of the year, while the S&P’s 500 index has fallen 12%. The stock has climbed 22% in the last 12 months.