Premier (NASDAQ: PINC) reported Q3 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $425.3 million versus the consensus estimate of $407.99 million.

Based on results for the nine months ended March 31, 2018 and management’s current expectations for the remainder of fiscal 2018, and the realization of previously disclosed underlying assumptions, the company has narrowed and adjusted guidance as follows.

• The company is raising its consolidated revenue range to $1.612 billion-to-$1.649 billion, with the anticipated increase in Supply Chain Services revenue expected to offset the downward revision in Performance Services revenue.
• The guidance range for Supply Chain Services revenue has been increased to $1.259 billion-to-$1.289 billion, driven by raised expectations of 18% to 22% growth in products revenue, and reaffirmed expectations of 13% to 17% growth in net administrative fees revenue, comprised of mid-single digit growth in the company’s legacy GPO business augmented by contributions from Innovatix and Essensa.
• The Performance Services revenue guidance range has been reduced to $353.0 million-to-$360.0 million, due to lack of growth in the ambulatory regulatory reporting business in the fiscal-third quarter, and the ongoing slow-growth environment and regulatory uncertainty impacting the current fiscal year. The new range projects expected year-over-year growth of 0% to 2%.
• The Non-GAAP adjusted EBITDA range has been narrowed to a range of $532.0 million to $537.0 million, reflecting projected year-over-year growth of 6% to 7%.
• The guidance range for non-GAAP adjusted fully distributed earnings per share has been narrowed to a range of $2.24 to $2.28, indicating year-over-year growth expectations of 19% to 21%.

For earnings history and earnings-related data on Premier (PINC) click here.