AmerisourceBergen Q2 Profit From Cont. Ops. Declines

(RTTNews) - AmerisourceBergen Corp. (ABC) reported that its second-quarter income from continuing operations decreased to $180.08 million or $0.76 per share, from $204.14 million or $0.87 per share, previous year. Adjusted income from continuing operations was $247.74 million or $1.06 per share, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.00 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $28.46 billion from $20.52 billion. Analysts expected revenue of $28.42 billion for the quarter.

AmerisourceBergen now expects its fiscal 2014 adjusted earnings per share from continuing operations to be in the range of $3.64 to $3.74. The company continues to expect revenue growth in the range of 30 percent to 34 percent, and operating income growth in the 12 percent to 16 percent range. Analysts expect the company to report fiscal 2014 earnings per share of $3.70.