Premier (PINC) Tops Q1 EPS by 1c, Affirms Outlook
Premier (NASDAQ: PINC) reported Q1 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $270.8 million versus the consensus estimate of $265.69 million.
Fiscal 2016 Outlook and Guidance
Based on fiscal first-quarter results and management’s current expectations for the remainder of fiscal 2016, the company affirms its full fiscal-year 2016 financial guidance which was updated on October 6, 2015.
| Fiscal 2016 Financial Guidance (1) | ||
| Premier, Inc. affirms full-year fiscal 2016 financial guidance, as follows: | ||
| (in millions, except per-share data) | FY 2016 | % YoY Increase |
| Net Revenue: | ||
| Supply Chain Services segment | $792 - $813 | 7% - 10% |
| Performance Services segment | $352 - $362 | 31% - 35% |
| Total Net Revenue | $1,144 - $1,175 | 14% - 17% |
| Non-GAAP adjusted EBITDA | $425 - $444 | 8% - 13% |
| Non-GAAP adjusted fully distributed EPS | $1.54 - $1.62 | 8% - 13% |
For earnings history and earnings-related data on Premier (PINC) click here.