Amerisourcebergen Corp. (ABC) Tops Q2 EPS by 6c; Guides FY In-Line

Amerisourcebergen Corp. (NYSE: ABC) reported Q2 EPS of $1.06, $0.06 better than the analyst estimate of $1.00. Revenue for the quarter came in at $28.5 million versus the consensus estimate of $28.42 million.

Amerisourcebergen Corp. sees FY2014 EPS of $3.64-$3.74, versus the consensus of $3.70..

“We delivered strong performance in our March quarter, as we continued to onboard substantial new business, and made significant progress against our strategic objectives,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “With excellent operational performance and improving working capital trends that helped generate tremendous free cash flow in the quarter, we have good momentum heading into the second half of our fiscal year. In addition, we continued to make important investments in our business for the long-term, including signing a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmacêuticos S.A. of Brazil, and returned funds to shareholders through repurchasing over $250 million of our common stock.”

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

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