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.
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