Premier (PINC) Tops Q3 EPS by 1c, Revenues Miss; Offers FY19 EPS/Revenue Guidance
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Premier Inc. Reports Fiscal 2019 Third-Quarter Results
May 7, 2019 7:00 AM EDTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2019 third quarter ended March 31, 2019.
The company adopted new revenue recognition standard ASC 606 on July 1, 2018, in conjunction with the beginning of fiscal 2019, using the modified retrospective approach and did not restate prior periods. Therefore, fiscal 2019 results of operations under the new revenue standard ASC 606 are compared with fiscal 2018 results under the previous revenue standard ASC 605 in the body of this press release, and the comparisons are not necessarily meaningful. However, solely for informational purposes, current period... More
