Premier (PINC) Tops Q2 EPS by 2c, Offers Guidance
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Premier Inc. Reports Fiscal 2019 Second-Quarter Results
February 5, 2019 7:00 AM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2019 second quarter ended Dec. 31, 2018.
The company adopted new revenue recognition standard ASC 606 on July 1, 2018, in conjunction with the beginning of fiscal 2019, using the modified retrospective approach and did not restate prior periods. Therefore, results of operations under the new revenue standard ASC 606 are not indicative of what results of operations were under the previous standard ASC 605. However, for informational purposes, current period results under the previous standard are included in the tables at the back of this press release.
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