AmerisourceBergen Corp. (ABC) on Thursday reported a fiscal second-quarter loss of $513.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chesterbrook, Pennsylvania-based company said it had a loss of $2.33. Earnings, adjusted for non-recurring costs and severance costs, came to $1.45 per share.
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The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The prescription drug distributor posted revenue of $32.67 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $32.12 billion.
AmerisourceBergen expects full-year earnings in the range of $4.85 to $4.95 per share.
AmerisourceBergen shares have risen 25 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has risen 76 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABC at http://www.zacks.com/ap/ABC
Keywords: AmerisourceBergen, Earnings Report