Avondale Partners Downgrades AmerisourceBergen (ABC) to Market Perform

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AmerisourceBergen (ABC) Tops Q2 EPS by 9c, $750M Buyback; Lower Outlook

May 5, 2016 6:49 AM EDT

AmerisourceBergen (NYSE: ABC) reported Q2 EPS of $1.68, $0.09 better than the analyst estimate of $1.59. Revenue for the quarter came in at $35.7 billion versus the consensus estimate of $35.82 billion.

The Company also announced that its board of directors authorized a new regular share repurchase program which, together with available... More