AmerisourceBergen (ABC) reported earnings on Tue 2 Aug 2016 (b/o)

** charts before earnings **

 

** charts after earnings **

** 3 months later  **

AmerisourceBergen beats by $0.10, reports revs in-line; reaffirms FY16 rev & raises EPS guidance :

• Reports Q3 (Jun) earnings of $1.37 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $1.27; revenues rose 7.8% year/year to $36.9 bln vs the $36.71 bln Capital IQ Consensus.
• Co raises EPS & reaffirms rev guidance for FY16, sees EPS of $5.52-5.57 (prior $5.44-5.54), excluding non-recurring items, vs. $5.50 Capital IQ Consensus Estimate; still sees FY16 revs of $146.84 bln vs. $147.11 bln Capital IQ Consensus Estimate.
• For FY16, Co continues to expect:
  • Operating income growth in the range of 5% to 6%
  • Effective tax rate of ~33%
  • Free cash flow generation in the range of $1.9 bln to $2.1 bln
  • Capex in the $400 mln range.