Premier (PINC) Tops Q1 EPS by 1c, FY17 Guidance Tops Views
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Premier Inc. Reports Fiscal 2017 First-Quarter Results
November 7, 2016 4:02 PM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Inc. (NASDAQ: PINC) today reported financial results for the fiscal 2017 first quarter ended September 30, 2016.
First-Quarter Highlights:
Net revenue increased 16% to $313.3 million from the same period last year; Supply Chain Services segment revenue rose 19% and Performance Services segment revenue increased 7%. Net income rose 11% to $58.1 million from the same period a year ago. Diluted earnings per share totaled $0.26, compared with $0.24 in the prior year. Non-GAAP adjusted EBITDA* of $110.8 million increased 6% from the same period last year.... More