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Premier updates FY'16 guidance

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Premier updates FY'16 guidance

PremierInc. updated its guidance for fiscal full year 2016, now expecting totalnet revenue of $1.15 billion to $1.17 billion.

For the same period, non-GAAP adjusted EBITDA should be at$439 million to $449 million and non-GAAP adjusted fully distributed EPS at$1.59 to $1.65, according to a May 9 news release.

The company previously expected total net revenue of $1.15billion to $1.19 billion, non-GAAP adjusted EBITDA of $430 million to $449million and non-GAAP adjusted fully distributed EPS of $1.57 to $1.65.

The S&P Capital IQ consensus normalized EPS estimate forthe year is $1.63.

For its third fiscal quarter, Premier reported GAAP netincome attributable to shareholders of $299.9 million, or 43 cents per share,compared with a net loss attributable to shareholders of $374.9 million, or$10.05 per share, in the year-ago period.

Non-GAAP adjusted fully distributed net income for thequarter was $63.9 million, or 44 cents per share, up from $55.3 million, or 38cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 41 cents.