Premier Inc. Reports Fiscal 2020 Third-Quarter Results
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Premier (PINC) Misses Q3 EPS by 5c, Revenues Beat; Offers FY20 EPS/Revenue Guidance
May 5, 2020 7:16 AM EDTPremier (NASDAQ: PINC) reported Q3 EPS of $0.66, $0.05 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $334.8 million versus the consensus estimate of $313.46 million.
Q3 2020 Highlights:
GAAP net revenue increased 11% to $334.8 million from $301.2 million a year ago; Supply Chain Services segment revenue increased 14% to $238.6 million from $208.6 million a year ago; and Performance Services segment revenue increased 4% to $96.2 million from $92.6 million a year ago.GAAP net income was $73.2 million, compared with $75.3 million a year ago; diluted earnings per share was $0.54 compared with income of $0.49 per share a year... More