Wednesday, 3 May 2023

A snapshot of AmerisourceBergen’s Q2 2023 earnings results

by Earn Media

Pharmaceutical solutions provider AmerisourceBergen Corporation (NYSE: ABC) reported higher revenues and adjusted earnings for the second quarter of 2023.

A snapshot of AmerisourceBergen’s Q2 2023 earnings results

  • Second-quarter revenue increased 10% annually to $63.5 billion, reflecting double-digit growth in revenue within U.S. Healthcare Solutions
  • Reported earnings per share were $2.13 in the second quarter, down 18% from $2.59 reported in the previous year’s second quarter
  • Gross profit moved up 2.7% year-over-year to $2.3 billion in the second quarter, reflecting higher gross profit in both reportable segments
  • In Q2, operating expenses were $1.7 billion, which is up 19.2% compared to the same period in the previous fiscal year
  • Reflecting the increase in operating expenses, second-quarter operating income decreased sharply to $560.5 million

The post A snapshot of AmerisourceBergen’s Q2 2023 earnings results first appeared on AlphaStreet.

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