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AmerisourceBergen Corp. Q1 adjusted earnings Beat Estimates

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

The company's profit totaled $187.64 million, or $0.90 per share. This compares with $393.65 million, or $1.84 per share, in last year's first quarter.

Excluding items, AmerisourceBergen Corp. reported adjusted earnings of $365.16 million or $1.76 per share for the period.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $47.86 billion from $45.39 billion last year.

AmerisourceBergen Corp. earnings at a glance:

-Earnings (Q1): $365.16 Mln. vs. $343.06 Mln. last year.
-EPS (Q1): $1.76 vs. $1.60 last year.
-Analysts Estimate: $1.67
-Revenue (Q1): $47.86 Bln vs. $45.39 Bln last year.

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