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Shares of AmerisourceBergen (NYSE:ABC) rose 3.1% in pre-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share rose 5.11% over the past year to $1.85, which beat the estimate of $1.56.
Revenue of $45,367,000,000 higher by 0.28% from the same period last year, which beat the estimate of $44,660,000,000.
Guidance
The upcoming fiscal year's EPS expected to be between $7.80 and $7.95.
Conference Call Details
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Date: Aug 05, 2020
Time: 08:30 AM
Recent Stock Performance
Company's 52-week high was at $105.21
Company's 52-week low was at $72.06
Price action over last quarter: Up 18.86%
Company Overview
AmerisourceBergen is a leading global third-party logistics provider engaged in wholesale pharmaceutical sourcing and distribution of specialty, brand-name, and generic pharmaceuticals and related services to acute-care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, physician practices, dialysis clinics, and other healthcare customers. By acquiring smaller companies, management has attained the ability to compound sterile preparations, distribute veterinary pharmaceuticals and vaccines, transport biopharmaceuticals, and provide inventory and reimbursement consulting services to providers.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.