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AmerisourceBergen Tops – Analyst Blog

Zacks Market Commentaries (November 3rd, 2009) Writes:
AmerisourceBergen Corp. (ABC) posted fourth quarter earnings of 44 cents per share, beating the Zacks Consensus Estimate by 4 cents. Earnings increased 22% from the year-ago period. For the full year, earnings increased 17% to $1.69 per share, 3 cents above the Zacks Consensus Estimate. Performance was driven by strong revenues, lower operating expenses and share repurchases. Total revenues for the quarter increased 9% to $18.7 billion. This was attributable to a 10% growth in AmerisourceBergen Drug Corp. revenues, which was driven primarily by new business and improved market growth and an 8% rise in specialty group sales. Generic revenues remained strong during the quarter, displaying above-market growth. For fiscal 2009, total revenues increased 2% to $71.8 billion. Gross profit for the fourth quarter was $538.5 million, which reflected a 2% increase over the gross profit in the year-ago period. The improvement was driven by strong ...

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