AmerisourceBergen Corp.'s (ABC) first-quarter net income increased to $151.31 million or $0.52 per share from $111.06 million or $0.36 per share a year ago. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.46 for the quarter. Analysts' estimate typically excludes one-time items.
Revenue for the first quarter grew to $19.33 billion from $17.34 billion in the 2008 period. Fourteen analysts estimated revenues of $19.16 billion for the period.
Looking ahead to the fiscal year 2010, the company is raising its expectations for earnings per share to a range of $1.89 - $1.98 from its earlier range of $1.82 - $1.92. Twenty analysts anticipate earnings per share of $1.94 for 2010.
The Company said it currently anticipates revenue growth of between 7% and 8% and operating margin expansion in the low to mid single digit basis point range.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.