Investing.com - AmerisourceBergen (NYSE:ABC) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AmerisourceBergen announced earnings per share of $2.62 on revenue of $60.1B. Analysts polled by Investing.com anticipated EPS of $2.57 on revenue of $59.09B.
AmerisourceBergen shares are down 8.96% from the beginning of the year, still down 14.58% from its 52 week high of $167.19 set on April 21. They are outperforming the S&P 500 which is down 14.16% from the start of the year.
AmerisourceBergen follows other major Healthcare sector earnings this month
AmerisourceBergen's report follows an earnings beat by UnitedHealth on July 15, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on July 19 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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