Premier Inc. Reports Fiscal 2019 Third-Quarter Results
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May 7, 2019 3:54 PM EDT
Cowen analyst Charles Rhyee raised the price target on Premier, Inc. (NASDAQ: PINC) to $42.00 (from $41.00) while maintaining a Market Perform rating.
Q3 mixed but incrementally more positive on longer-term outlook....
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May 7, 2019 7:08 AM EDT
Premier (NASDAQ: PINC) reported Q3 EPS of $0.66, $0.01 better than the analyst estimate of $0.65. Revenue for the quarter came in at $422.9 million versus the consensus estimate of $433.25 million.
Q3 2019 Highlights:
GAAP net revenue was $422.9 million, compared with $425.3 million a year ago; Supply Chain Services segment revenue was $330.2 million, compared with $330.7 million a year ago; and Performance Services segment revenue was $92.6 million, compared with $94.6 million a year ago.GAAP net income was $73.8 million, compared with $76.5 million a year ago, and diluted net income was $0.48 per share, compared with a loss of $1.93 per...
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