AmerisourceBergen: Q1 Earnings Insights

 

Shares of AmerisourceBergen ABC moved higher by 0.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 23.86% over the past year to $2.18, which beat the estimate of $1.94.

Revenue of $52,517,000,000 up by 9.72% year over year, which beat the estimate of $50,490,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $8.40 and $8.60.

Conference Call Details

Date: Feb 04, 2021

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.amerisourcebergen.com%2F&eventid=2945489&sessionid=1&key=709C04FD00D7353B866A90AAE0618716&regTag=&V2=false&sourcepage=register

Technicals

52-week high: $112.48

52-week low: $72.06

Price action over last quarter: Up 1.97%

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 transport biopharmaceuticals, distribute veterinary pharmaceuticals and vaccines, and provide inventory and reimbursement consulting services to providers.

Posted In: EarningsNewsBZI-Recaps
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