Jan. 30, 2020, 7:51 a.m. EST

AmerisourceBergen earnings top estimates

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By Colin Kellaher

AmerisourceBergen Corp. /zigman2/quotes/201066379/composite ABC -0.27% on Thursday posted fiscal first-quarter earnings that topped expectations amid strong results in its pharmaceutical-distribution segment.

The Valley Forge, Pa., provider of pharmaceutical products reported net income of $187.6 million, or 90 cents a share, for the quarter ended Dec. 31, down from $393.7 million, or $1.84 a share, a year earlier.

On an adjusted basis, Amerisouce reported earnings of $1.76 a share. Analysts polled by FactSet, on average, were expecting an adjusted profit of $1.67 a share.

Revenue rose 5.4% to $47.86 billion, roughly in line with the $47.99 billion Wall Street was expecting.

Write to Colin Kellaher at colin.kellaher@wsj.com

/zigman2/quotes/201066379/composite
US : U.S.: NYSE
$ 88.09
-0.24 -0.27%
Volume: 57,788
April 9, 2020 9:52a
P/E Ratio
28.56
Dividend Yield
1.90%
Market Cap
$18.19 billion
Rev. per Employee
$8.23M
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