AmerisourceBergen Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - AmerisourceBergen Corp. (ABC) reported earnings for first quarter that declined from last year.

The company's bottom line totaled $287.46 million, or $1.29 per share. This compares with $411.47 million, or $1.86 per share, in last year's first quarter.

Excluding items, AmerisourceBergen Corp. reported adjusted earnings of $431.87 million or $1.96 per share for the period.

Analysts had expected the company to earn $1.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.4% to $41.03 billion from $37.15 billion last year.

AmerisourceBergen Corp. earnings at a glance:

-Earnings (Q1): $431.87 Mln. vs. $390.65 Mln. last year. -EPS (Q1): $1.96 vs. $1.77 last year. -Analysts Estimate: $1.82 -Revenue (Q1): $41.03 Bln vs. $37.15 Bln last year.

-Guidance: Full year EPS guidance: $6.45 - $6.65