Following Mixed Quarter at AmerisourceBergen, No Change to Our Thinking
AmerisourceBergen reported quarterly results that were mixed with lighter-than-expected revenue and better-than-expected cost controls. Although not discretely disclosed, management indicated generic and branded pricing have stabilized (to anticipated levels), which implies that volumes were likely softer than expected. Strong cost controls and timing of expenses carried the day and drove EPS upside relative to our expectations. Despite the $0.15 quarterly EPS upside, management only inched up f...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.
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.
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