AmerisourceBergen Corp. Q4 Profit Decreases, but beats estimates

AmerisourceBergen Corp. (ABC) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $294.74 million, or $1.40 per share. This compares with $437.70M, or $2.08 per share, in last year's fourth quarter.

Excluding items, AmerisourceBergen Corp. reported adjusted earnings of $545.86 million or $2.60 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 3.8% to $61.17 billion from $58.91 billion last year.

AmerisourceBergen Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $294.74 Mln. vs. $437.70M. last year.
-EPS (Q4): $1.40 vs. $2.08 last year.
-Analyst Estimates: $2.57
-Revenue (Q4): $61.17 Bln vs. $58.91 Bln last year.

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