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AmerisourceBergen fiscal Q3 income up YOY

AmerisourceBergen Corp. booked $317.7 million in adjusted net income for the fiscal third-quarter ended June 30, up 1.8% year over year.

On a per-share basis, the result — $1.43 — was up 4.4% year over year and compared to the S&P Capital IQ normalized EPS consensus estimate of $1.37.

The healthcare distributor saw its fiscal third-quarter revenue increase by 4.9% year over year to $38.71 billion. Fiscal third-quarter adjusted operating income of $471.1 million was down 4.9% year over year owing to an increase in operating expenses.

On a GAAP basis, the company's fiscal third-quarter net income of $50.4 million was down 85.6% year over year from $349.2 million a year ago.

The Pennsylvania-based company raised the lower end of its adjusted EPS guidance by 5 cents to a range of $5.82 to $5.92.

The S&P Capital IQ normalized EPS consensus estimate for fiscal 2017 is $5.86.