AmerisourceBergen Corp. (ABC) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $449.11 million, or $2.13 per share. This compares with $374.85 million, or $1.81 per share, in last year's first quarter.
Excluding items, AmerisourceBergen Corp. reported adjusted earnings of $545.39 million or $2.58 per share for the period.
Analysts on average had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.5% to $59.63 billion from $52.52 billion last year.
AmerisourceBergen Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $449.11 Mln. vs. $374.85 Mln. last year.
-EPS (Q1): $2.13 vs. $1.81 last year.
-Analyst Estimate: $2.57
-Revenue (Q1): $59.63 Bln vs. $52.52 Bln last year.
-Guidance:
Full year EPS guidance: $10.60 - $10.90
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