Pharmerica (PMC) Tops Q3 EPS by 3c

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Acquisitions, Specialty and Brand Inflation Drive Pharmerica's (PMC) 3Q Beat; Cowen Reiterates Outperform

November 6, 2015 1:45 PM EST

Cowen reiterated an Outperform rating and $39.00 price target on PharMerica (NYSE: PMC) following the company's 3Q earnings report. PMC reported 3Q adj. EPS of $0.39, ahead of consensus of $0.36. Revenue of $498.8M was up 6% y/y and also beat consensus of $480.3M, driven by recent... More