AmerisourceBergen Corp. (ABC) Tops Q3 EPS by 9c; Guides Above the Street

AmerisourceBergen Corp. (NYSE: ABC) reported Q3 EPS of $1.01, $0.09 better than the analyst estimate of $0.92. Revenue for the quarter came in at $30.3 billion versus the consensus estimate of $29.23 billion.

AmerisourceBergen Corp. sees FY2014 EPS of $3.89-$3.94, versus the consensus of $3.73.

“We delivered very strong performance in our June quarter, driven by the onboarding of substantial new business, and excellent operational and financial results,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “In addition, we made important progress with our strategic objectives, and continued to make significant long-term investments in our business. We finalized our agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A., and launched the specialty joint venture in Brazil. We generated substantial free cash flow, continued to take steps to improve our balance sheet, and positioned ourselves well to meet or exceed our financial objectives for the full fiscal year.”

For earnings history and earnings-related data on AmerisourceBergen Corp. (ABC) click here.

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