AmerisourceBergen (ABC) Beats Q3 Expectations on Top and Bottom

AmerisourceBergen (NYSE: ABC) reported Q3 EPS of $1.20, $0.05 better than the analyst estimate of $1.15. Revenue for the quarter came in at $34.2 billion versus the consensus estimate of $33.97 billion.

Fiscal Year 2015 Expectations

Our updated expectations for financial performance in fiscal 2015, including the impact of the MWI transaction, are as follows:

• Adjusted diluted earnings per share in the range of $4.92 to $4.97, a 24 percent to 25 percent increase over fiscal 2014. (The Street sees EPS of $4.93.)
• Revenue growth in the range of 12 percent to 13 percent;
• Adjusted operating income growth in the 20 percent to 22 percent range;
• Adjusted operating margin increase of 9 to 11 basis points;
• Free cash flow generation in the range of $2.8 billion to $3.2 billion;
• Capital expenditures in the $215 million range;
• Regular share repurchases of approximately $300 million; and
• Special share repurchases of approximately $750 million.

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

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