Premier Turns To Profit In Q4 - Quick Facts

(RTTNews) - Premier, Inc. (PINC) posted fourth-quarter net income attributable to shareholders of $8.9 million or $15.09 per share, compared to a net loss of $797 thousand or $0.14 per share in the comparable quarter last year.

Adjusted net income for the quarter was $49.9 million or $0.34 per share, compared to $42.2 million or $0.29 per share in the prior year quarter.

Total net revenue for the latest fourth quarter was $235.47 million, down from $240.60 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $231.59 million.

For fiscal 2015, the company expects non-GAAP pro forma adjusted fully distributed earnings in the range of $1.39 to $1.44 per share and total pro forma net revenue of $969.0 million to $995.0 million. Analysts currently expect fiscal 2015 earnings of $1.41 per share on revenue of $976.58 million.