- AmerisourceBergen Corp's (NYSE: NYSE:ABC) Q3 FY22 adjusted EPS reached $2.62, up 21.3% Y/Y, beating the consensus of $2.57.
- Revenue of $60.1 billion increased by 12.5% Y/Y, beating the analyst consensus of $59.03 billion, reflecting a 120.3% increase in revenue within International Healthcare Solutions, primarily driven by the June 2021 acquisition of Alliance Healthcare and a 6% increase in U.S. Healthcare Solutions revenue.
- Also Read: Federal Judge Says McKesson, AmerisourceBergen, Cardinal Health Not Responsible For Opioid Epidemic: Report.
- Adjusted gross profit was $2.1 billion, up 27% Y/Y, with the margin expanding 39 basis points to 3.44%.
- Adjusted operating income increased 19.9% to $756.2 million, and the margin improved 8 basis points to 1.26%.
- FY22 Guidance: AmerisourceBergen raised adjusted EPS guidance to $10.90 - $11.10, from the previous outlook of $10.80 - $11.05, compared to the consensus of $10.93.
- U.S. Healthcare Solutions' operating income to be $2.44 - $2.48 billion, raising the lower end of the previous range of $2.42 - $2.48 billion.
- Price Action: ABC shares are down 2.63% at $139.06 during the market session on the last check Wednesday.
Read at Benzinga