Morningstar - AmerisourceBergen Corporation (ABC) Amerisource Posts Solid First Quarter as the Core Drug Distribution Business Drives Growth

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Morningstar

Karen Andersen

EUR 100.00 For Business Accounts Only

Amerisource Posts Solid First Quarter as the Core Drug Distribution Business Drives Growth

AmerisourceBergen reported first-quarter (fiscal-year 2019) results that largely matched our expectations and ran ahead of consensus expectations with strength in the core drug distribution business partly offsetting pressures in the drug compounding arm. Overall, we don't expect any major changes to our fair value estimate or moat rating based on the results.

With pricing pressures weighing on the drug distribution business from increasing pharmacy leverage, the quarterly results help support...

31/01/2019 12 EN

Underlying

AmerisourceBergen Corporation

AmerisourceBergen is a pharmaceutical sourcing and distribution services company. The company's Pharmaceutical Distribution Services reportable segment provides pharmaceutical distribution and additional services to physicians who focus on a variety of disease states, especially oncology, and to other healthcare providers, including hospitals and dialysis clinics. Additionally, this segment provides data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers. This segment also provides pharmacy management, staffing and additional consulting services, and supply management software to a variety of retail and institutional healthcare providers.

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US03073E1055 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Karen Andersen

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Amerisource Posts Solid First Quarter as the Core Drug Distribution Business Drives Growth

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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