AmerisourceBergen Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - AmerisourceBergen Corp. (ABC) reported a first-quarter loss from continuing operations of $199.95 million or $0.91 per share, compared to profit of $48.93 million or $0.21 per share, prior year. Adjusted earnings per share from continuing operations was $1.14, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.97 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $33.59 billion from $29.18 billion last year. Analysts expected revenue of $31.53 billion for the quarter.

The company's updated expectations for financial performance in fiscal 2015, excluding the impact of the MWI transaction, include: adjusted earnings per share from continuing operations in the range of $4.45 to $4.55; and revenue growth in the range of 10 percent to 11 percent. In addition, the company expects that the acquisition of MWI will contribute an incremental 8 cents of adjusted earnings per share in the second half of fiscal 2015. Analysts expect the company to report fiscal 2015 earnings per share of $4.51.