AmerisourceBergen Q4 Profit Rises - Quick Facts

(RTTNews) - AmerisourceBergen Corp. (ABC) posted higher net income of $67.8 million, or $0.29 per share for the fourth quarter, compared with $51.02 million, or $0.22 per share, last year.

For the recent period, adjusted earnings per share from continuing operations were up by 35.8 percent to $1.10, driven by the strong increase in operating income. Analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 29.1 percent to $31.6 billion in the quarter, versus $24.5 billion a year ago. Analysts had consensus revenue estimate of $30.78 billion for the quarter.

For fiscal 2015, the firm sees adjusted earnings per share from continuing operations to be in the range of $4.36 to $4.50, an increase of 10 to 13 percent over fiscal 2014. Revenue growth is likely to be in the 7 percent to 8 percent range, and adjusted operating income growth in the 8 percent to 10 percent range.