AmerisourceBergen Reports First Quarter Fiscal Year 2016 Results
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UBS Cuts Price Target as AmerisourceBergen (ABC) Expects a Tough March Quarter
February 5, 2016 9:27 AM ESTUBS maintained a Buy rating on AmerisourceBergen (NYSE: ABC), and cut the price target to $110.00 (from $122.00), following the company's 1Q earnings report. On generic pricing, management seemed to agree that the March qtr of 2016 will be another tough comparison y-o-y, but that the comps start getting... More
AmerisourceBergen (ABC) Tops Q1 EPS by 2c, Updates FY EPS Guidance
February 4, 2016 7:09 AM ESTAmerisourceBergen (NYSE: ABC) reported Q1 EPS of $1.27, $0.02 better than the analyst estimate of $1.25. Revenue for the quarter came in at $36.7 billion versus the consensus estimate of $36.86 billion.
GUIDANCE:
AmerisourceBergen sees FY2016 EPS of $5.73-$5.83, versus the consensus of $5.83.
This morning, we announced that we signed a distribution agreement with a new customer, Publix, the impact of which was... More
