Leerink Partners Downgrades AmerisourceBergen (ABC) to Market Perform on Deteriorating Fundamentals

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Go back to Leerink Partners Downgrades AmerisourceBergen (ABC) to Market Perform on Deteriorating Fundamentals

AmerisourceBergen Reports Fiscal 2016 Fourth Quarter and Year End Results

November 2, 2016 6:30 AM EDT

VALLEY FORGE, Pa.--(BUSINESS WIRE)-- AmerisourceBergen Corporation (NYSE: ABC) today reported that in its fiscal year 2016 fourth quarter ended September 30, 2016, revenue increased 5.9 percent to $37.6 billion. Revenue increased 8.0 percent to $146.8 billion in the fiscal year. On the basis of U.S. generally accepted accounting principles (GAAP), diluted earnings per share was $0.64 for the September quarter of fiscal 2016, a decrease of 59.0 percent. GAAP diluted earnings per share for the fiscal year was $6.32, compared to a loss of $0.63 in the prior year.

Adjusted diluted earnings per share, which excludes items described below, increased 12.1 percent... More