Premier Reports Q4 Profit In Line

(RTTNews) - Premier, Inc. (PINC) reported net income attributable to shareholders for the fourth quarter of $8.0 million, compared to $8.9 million for the year-ago quarter.

Loss per share attributable to shareholders for the fourth quarter was $2.24, compared to earnings per share attributable to shareholders of $15.09 in the prior year quarter.

Adjusted fully distributed net income for the fourth quarter was $53.0 million or $0.36 per share, compared to $49.9 million or $0.34 per share in the same quarter last year.

Net revenue for the fourth quarter rose 13% to $266.55 million from $235.47 million a year ago.

Analysts poled by Thomson Reuters expected the company to earn $0.36 per share on revenue of $261.62 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2016, the company forecasts net revenue of $1.138 billion to $1.168 billion and adjusted fully distributed earnings of $1.54 to $1.62 per share. Analysts currently expect the company to earn $1.58 per share on revenue of $1.12 billion for the fiscal year 2016.