Advertisement
Premier Q4 Net Profit Declines
(RTTNews) - Healthcare company Premier, Inc. (PINC) reported Monday that net income for the fourth quarter declined to $30.7 million or $0.25 per share from $50.7 million or $0.40 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.61 per share, compared to $0.60 per share in the year-ago quarter.
Net revenue for the quarter decreased 29 percent to $340.71 million from $481.52 million in the same quarter last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report revenues of $333.43 million for the quarter.
Looking ahead to fiscal 2023, the company now projects adjusted earnings in the range of $2.63 to $2.75 per share on total net revenue between $1.38 billion and $1.45 billion. The Street is currently looking for revenues of $1.43 billion for the year.
Earlier in the month, Premier's Board of Directors increased the company's quarterly cash dividend to $0.21 per share, which is payable on September 15, 2022, to stockholders of record as of September 1, 2022.
Swiss Market Settles Marginally Up
European Markets Close On Positive Note
Strong Jobs Data Limits Dollar's Losses Amidst Fiscal And Tariff Concerns
U.S. Small Business Confidence Erodes Slightly In June, Taxes Main Concern - NFIB
Sensex, Nifty End Modestly Higher As Trump Extends Trade Deal Deadline
UK Stocks Turning In Mixed Performance In Cautious Trade
CAC 40 Slightly Lower In Lackluster Trade
