Premier Inc. Reports Fiscal 2020 First-Quarter Results
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Premier (PINC) Tops Q1 EPS by 2c, Revenues Beat
November 5, 2019 7:17 AM ESTPremier (NASDAQ: PINC) reported Q1 EPS of $0.68, $0.02 better than the analyst estimate of $0.66. Revenue for the quarter came in at $302.4 million versus the consensus estimate of $296.14 million.
Q1 2020 Highlights:
GAAP net revenue increased 3% to $302.4 million from $292.6 million a year ago; Supply Chain Services segment revenue increased 8% to $223.1 million from $206.9 million a year ago; and Performance Services segment revenue decreased 7% to $79.3 million from $85.7 million a year ago.GAAP net income was $70.9 million, compared with $83.4 million a year ago; diluted earnings per share was $0.49, compared with a loss of $12.79 per share a year... More