AmerisourceBergen Q1 Profit From Cont. Ops. Declines - Quick Facts

(RTTNews) - AmerisourceBergen Corp. (ABC) reported that its first-quarter income from continuing operations declined to $48.93 million or $0.21 per share, from $174.62 million or $0.74 per share, prior year. Total earnings per share was $0.17, compared to $0.71, a year ago. Adjusted income from continuing operations was $188.18 million or $0.80 per share, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.78 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose year-over-year to $29.18 billion, from $21.06 billion. Analysts expected revenue of $27.43 billion for the quarter.

AmerisourceBergen continues to expect fiscal 2014 adjusted earnings per share from continuing operations to be in the range of $3.60 to $3.73. The company has increased its revenue growth expectations to a range of 30 percent to 34 percent. Analysts expect the company to report fiscal 2014 earnings per share of $3.69.