In an Associated Press story about quarterly results for Premier Inc., the headlines erroneously said the company reported a loss. It reported net income of $9.3 million. The story also reported a per-share figure that was incorrect.
A corrected version of the story is below:
Premier Inc. reports 1Q profit
Premier Inc. reports first-quarter net income of $9.3 million
CHARLOTTE, N.C. (AP) — Premier Inc. (PINC) on Monday reported net income of $9.3 million in its fiscal first quarter.
The Charlotte, North Carolina-based company reported earnings, adjusted for non-recurring costs and stock option expense of 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The health care data services company posted revenue of $229.3 million in the period, which also beat Street forecasts. Analysts expected $228.8 million, according to Zacks.
Premier Inc. shares have fallen 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.87, a rise of 6 percent in the last 12 months.
Elements story was generated by Automated Insights using data from Zacks Investment Research. PINC stock research report from Zacks.
Keywords:Premier Inc.,Earnings Report