AmerisourceBergen Reports Fiscal 2018 Third Quarter Results

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AmerisourceBergen (ABC) PT Lowered to $90 at Evercore ISI

August 2, 2018 11:06 AM EDT

Evercore ISI lowered its price target on AmerisourceBergen (NYSE: ABC) to $90.00 (from $98.00) while maintaining an Outperform rating following results.

The firm lowered FY19 EPS from $7.10 to $6.95 and FY20 EPS from $7.80 to $7.55.

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AmerisourceBergen (ABC) Tops Q3 EPS by 8c; Sees FY EPS at Bottom End of Range

August 2, 2018 6:32 AM EDT

AmerisourceBergen (NYSE: ABC) reported Q3 EPS of $1.54, $0.08 better than the analyst estimate of $1.46. Revenue for the quarter came in at $43.1 billion versus the consensus estimate of $42.91 billion.

GUIDANCE:

The Company continues to expect adjusted diluted EPS for fiscal... More