CHESTERBROOK, Pennsylvania — AmerisourceBergen Corp. (ABC) on Thursday reported fiscal fourth-quarter profit of $364.3 million.
On a per-share basis, the Chesterbrook, Pennsylvania-based company said it had net income of $1.56. Earnings, adjusted for one-time gains and costs, were $1.17 per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The prescription drug distributor posted revenue of $35.47 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $34.43 billion.
For the year, the company reported a loss of $134.9 million, or 62 cents per share, swinging to a loss in the period. Revenue was reported as $135.96 billion.
AmerisourceBergen expects full-year earnings in the range of $5.73 to $5.90 per share.
AmerisourceBergen shares have climbed 8 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1.5 percent. The stock has increased 22 percent in the last 12 months.
Keywords: AmerisourceBergen, Earnings Report