Amerisource Bergen Reports Profits In The 4th Quarter (ABC)
November 03, 2009 10:10 AM
According to Wallstreet Journal, Amerisource Bergen Corporation (NYSE: ABC) reported a rise in Fourth quarter earnings of 13% behind above market sales growth in generic drugs. However, company executives believe that Amerisource Bergen ma be headed to tougher times as drug makers consolidate their operations, therefore limiting the leverage they have on their negotiations for packaging and distribution.
Even with the troubled outlook, Executives from Amerisource Bergen believes that earnings will continue to grow. Revenue is also seen to rise, around 5 to 7 %.
For the third quarter which ended September 30, profit increased to $130.1 million from $114.9 million the next year.
To read the full article please click below:
http://online.wsj.com/article/BT-CO-20091103-705751.html
