AmerisourceBergen Boosts FY22 Outlook; Declares Dividend - Update

RTTNews | 1117 days ago
AmerisourceBergen Boosts FY22 Outlook; Declares Dividend - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, AmerisourceBergen Corp. (ABC) raised its adjusted earnings guidance for the full-year 2022, driven by stronger than expected performance of several of its businesses and a lower average diluted share count.

For fiscal 2022, the company now projects adjusted earnings in a range of $10.90 to $11.10 per share, up from the prior range of $10.80 to $11.05 per share.

On average, 15 analysts polled by Thomson Reuters expect the company to report earnings of $10.93 per share for the year. Analysts' estimates typically exclude special items.

The company's board of directors declared a quarterly cash dividend of $0.46 per common share, payable on August 29, 2022, to stockholders of record at the close of business on August 15, 2022.

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AmerisourceBergen To Buy Germany's PharmaLex Holding For EUR 1.28 Bln In Cash

AmerisourceBergen To Buy Germany's PharmaLex Holding For EUR 1.28 Bln In Cash

AmerisourceBergen Corp. (ABC) announced Monday that it has signed a definitive agreement to acquire Germany's PharmaLex Holding GmbH, a leading provider of specialized services for the life sciences industry, from funds advised by AUCTUS Capital Partners AG for 1.28 billion euros in cash, subject to certain customary adjustments.
RTTNews | 1077 days ago
AmerisourceBergen Q3 Results Top Estimates

AmerisourceBergen Q3 Results Top Estimates

AmerisourceBergen Corp. (ABC) on Wednesday reported that net income attributable to the company for the third quarter surged to $406.96 million or $1.92 per share from $292.12 million or $1.40 per share in the prior-year quarter.
RTTNews | 1117 days ago
Australian Market Slashes Early Gains In Mid-market

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
RTTNews | 34 minutes ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | 51 minutes ago
Thai Shares Tipped To Open To The Upside On Monday

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The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | 2h 0min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 2h 12min ago