AmerisourceBergen Corp. Q3 adjusted earnings Beat Estimates

AmerisourceBergen Corp. (ABC) released earnings for its third quarter that rose from the same period last year.

The company’s bottom line totaled $275.81 million, or $1.25 per share. This compares with $50.35 million, or $0.23 per share, in last year’s third quarter.

Excluding items, AmerisourceBergen Corp. reported adjusted earnings of $340.58 million or $1.54 per share for the period.

Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 11.4% to $43.14 billion from $38.71 billion last year.

AmerisourceBergen Corp. earnings at a glance:

-Earnings (Q3): $340.58 Mln. vs. $317.69 Mln. last year.
-EPS (Q3): $1.54 vs. $1.43 last year.
-Analysts Estimate: $1.46
-Revenue (Q3): $43.14 Bln vs. $38.71 Bln last year.

by RTTNews Staff Writer

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