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AmerisourceBergen Corp. Reveals Gain In Q1 Profit

AmerisourceBergen Corp. (ABC) reported earnings for its first quarter that increased from last year.

The company said its bottom line rose to $342.43 million, or $1.55 per share. This was up from $302.03 million, or $1.36 per share, in last year's first quarter.

Analysts had expected the company to earn $1.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.0% to $40.47 billion. This was up from $38.17 billion last year.

AmerisourceBergen Corp. earnings at a glance:

-Earnings (Q1): $342.43 Mln. vs. $302.03 Mln. last year.
-Earnings Growth (Y-o-Y): 13.4%
-EPS (Q1): $1.55 vs. $1.36 last year.
-EPS Growth (Y-o-Y): 14.0%
-Analysts Estimate: $1.35
-Revenue (Q1): $40.47 Bln vs. $38.17 Bln last year.
-Revenue Change (Y-o-Y): 6.0%

Full year EPS guidance: $6.45 to $6.65

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