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Tuesday, November 6, 2018

-=AmerisourceBergen (ABC) reported earnings on Tue 6 Nov 2018 (b/o)

AmerisourceBergen misses by $0.01, reports revs in-line; offers light FY19 guidance, increases dividend, announced $1 bln repurchase authorization
  • Reports Q4 (Sep) earnings of $1.45 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $1.46; revenues rose 10.7% year/year to $43.3 bln vs the $43.27 bln S&P Capital IQ Consensus.
  • Co issues downside guidance for FY19, sees EPS of $6.65-6.95, excluding non-recurring items, vs. $7.13 S&P Capital IQ Consensus; sees revenue growth in the mid-single digit percent range vs. estimates for +~7% to $179.85 bln
  • The Company's Board of Directors declared a quarterly dividend of $0.40 per common share, a 5% increase in its quarterly dividend rate from $0.38 per common share.
  • The Board of directors authorized a new $1.0 billion share repurchase program

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