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Thursday, April 28, 2011

AmerisourceBergen Q2 profit beats Street, ups FY11 EPS view

Drug wholesaler AmerisourceBergen Corp reported quarterly earnings that topped expectations, helped by higher sales of specialty generics. The company also raised its 2011 earnings outlook to $2.41-$2.49 a share, from its previous view of $2.31-$2.41 a share. Analysts were expecting $2.41 a share on revenue of $80.2 billion, according to Thomson Reuters I/B/E/S. Net earnings rose 6 percent to $214.4 million, or 77 cents a share, in the second quarter, from $181 million, or 63 cents a share, a year ago.

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