WASHINGTON (dpa-AFX) - AmerisourceBergen Corp. (ABC) reported first-quarter profit of $162.12 million or $0.62 per share versus $160.5 million or $0.57 per share last year. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.63 per share. Analysts' estimates typically exclude special items. Revenue was up to $20.36 billion from $19.89 billion a year ago. Analysts estimated revenues of $19.99 billion. Looking ahead, the company continues to expect earnings per share in fiscal year 2012 to be in the range of $2.74 to $2.84. Analysts expect the company to earn $2.82 per share. Steven Collis, AmerisourceBergen President and Chief Executive Officer, said, '...Also unchanged are the assumptions supporting the expected diluted earnings per share range for fiscal year 2012, including: flat to modest revenue growth; operating margin growth in the high single-digit to low double-digit basis points range; and free cash flow in the range of $700 million to $800 million, which includes capital expenditures in the $150 million range. Subject to market conditions, we expect to spend approximately $400 million to repurchase our common shares in fiscal year 2012.'
Copyright RTT News/dpa-AFX
© 2012 AFX News
