AmerisourceBergen Earnings: Here’s Why the Stock is Struggling for Momentum

AmerisourceBergen Corporation (NYSE:ABC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.06%.

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AmerisourceBergen Corporation Earnings Cheat Sheet

Results: Net income increased 4% to $168.6 million (71 cents per diluted share) in the quarter versus a net gain of $162.12 million in the year-earlier quarter.

Revenue: Rose 5.45% to $21.47 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AmerisourceBergen Corporation reported adjusted net income of 71 cents per share. By that measure, the company beat the mean analyst estimate of $0.67. It missed the average revenue estimate of $21.69 billion.

Quoting Management: “We are off to a solid start in our fiscal year 2013, with December quarter results in line with our expectations,” said Steven H. Collis, AmerisourceBergen President and CEO…

…During the quarter, we successfully implemented our previously announced new contract with our largest customer, and we continued to make progress on the integration of World Courier. As we look ahead, we are well positioned to meet our objectives for the year and to continue to have significant financial flexibility.”

Key Stats:

Revenue increased 11.31% from $19.29 billion in the previous quarter. Net income increased 3.13% from $163.49 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.91 to a profit $0.88. For the current year, the average estimate has moved down from a profit of $3.14 to a profit of $3.13 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)