AmerisourceBergen (ABC) Tops Q3 EPS by 10c; Guides In-Line

AmerisourceBergen (NYSE: ABC) reported Q3 EPS of $1.37, $0.10 better than the analyst estimate of $1.27. Revenue for the quarter came in at $36.9 billion versus the consensus estimate of $36.71 billion.

“I am pleased with the solid performance we delivered in the June quarter,” said Steven H. Collis, Chairman, President and Chief Executive Officer of AmerisourceBergen. “Our most recent acquisitions, MWI Veterinary Supply and PharMEDium, have made strong contributions, and our specialty group delivered excellent performance. We renewed our relationship with our largest health systems customer for an additional 5 years, and have made progress on our efforts to address the headwinds we face in AmerisourceBergen Drug Corporation.”

GUIDANCE:

AmerisourceBergen sees FY2016 EPS of $5.50-$5.57, versus the consensus of $5.50.

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

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