PharMerica Q2 Results Top Estimates; Backs FY15 Views

(RTTNews) - PharMerica Corp. (PMC) reported net income for the second quarter of $2.3 million or $0.07 per share, compared to a net loss of $9.7 million or $0.32 per share for the year-ago quarter.

Excluding items, adjusted earnings per share was $0.37 in the second quarter, compared to $0.40 in the second quarter of last year.

Revenues for the second quarter rose 10.9% to $497.5 million from $448.6 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $493.69 million for the second quarter. Analysts' estimates typically exclude special items.

PharMerica reaffirmed its full year 2015 guidance, which calls for revenue in the range of $1.950 billion to $2.050 billion and adjusted earnings per share in the range of $1.55 to $1.65. Analysts currently expect the company to earn $1.63 per share on revenue of $2.03 billion for the full year 2015.