Premier (PINC) Tops Q1 EPS by 5c, Revenues Miss
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Premier Inc. Reports Fiscal 2019 First-Quarter Results
November 6, 2018 7:00 AM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2019 first quarter ended Sept. 30, 2018.
The company adopted new revenue recognition standard ASC 606 on July 1, 2018 using the modified retrospective approach and did not restate prior periods. Accordingly, the year-over-year comparisons in this press release compare fiscal 2019 first-quarter results under ASC 606 to fiscal 2018 first-quarter results under the previous revenue recognition standard ASC 605. A reconciliation of fiscal 2019 first-quarter results from ASC 606 to ASC 605 is provided in the tables included in this press release.
Q1 2019 Highlights:
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