UPDATE: AmerisourceBergen Posts Better-Than-Expected Q1 Results, Lifts Outlook

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AmerisourceBergen Corp.

(NYSE: ABC) gained more than 1% in pre-market trading after the company reported stronger-than-expected results for the fiscal first quarter and lifted its earnings forecast for the full year.AmerisourceBergen now expects FY14 earnings from continuing operations of $4.45 to $4.55 per share, versus its earlier forecast of $4.36 to $4.50 per share.The Chesterbrook, Pennsylvania-based company reported a quarterly loss of $200 million, or $0.91 per share, versus a year-ago profit of $41.3 million, or $0.17 per share. Excluding special items, the company's earnings surged to $1.14 per share from $0.80 per share.Its revenue rose 15.1% to $33.6 billion. However, analysts were estimating earnings of $0.97 per share on revenue of $31.6 billion.AmerisourceBergen's pharmaceutical distribution revenue gained 15% to $33 billion in the quarter.Gross profit in the quarter rose 23.7% to $896.3 million, while operating income climbed 35% to $435.6 million. “We are off to a great start in fiscal 2015, with excellent financial and operational performance across our businesses,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer.AmerisourceBergen shares rose 1.13% to $97.00 in pre-market trading.