PharMerica Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - PharMerica Corp. (PMC) reported third-quarter net income of $8.5 million or $0.28 per share, compared to a loss of $6.2 million or $0.21 per share, prior year. Adjusted earnings per share was $0.45 for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.40 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $470.2 million from $436.8 million, a year ago. Analysts expected revenue of $439.63 million for the quarter.

PharMerica raised its full year 2014 guidance metrics. For the full year 2014, the company now expects: revenue in the range of $1.850 billion to $1.875 billion from $1.760 billion to $1.800 billion, and adjusted earnings per share in the range of $1.62 to $1.64 from $1.58 to $1.62. Analysts expect the company to report full year 2014 earnings per share of $1.59 on revenue of $1.79 billion.