UPDATE: Premier (PINC) Tops Q2 EPS by 1c, Updates FY Guidance
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Premier Inc. Reports Fiscal 2017 Second-Quarter Results
February 6, 2017 4:03 PM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2017 second quarter ended December 31, 2016.
Second-Quarter Highlights:
Net revenue increased 23% to $358.5 million from the same period last year; Supply Chain Services segment revenue rose 34% and Performance Services segment revenue decreased 3%. Net income rose 193% to $178.7 million from the same period a year ago. Diluted earnings per share totaled $1.09, compared with a loss of $1.31 per share in the prior year. Non-GAAP adjusted EBITDA* of $122.0 million increased 5% from the same... More