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Recap: Premier Q2 Earnings

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Benzinga Insights
·1 min read
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Shares of Premier (NASDAQ:PINC) remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share fell 12.16% over the past year to $0.65, which beat the estimate of $0.54.

Revenue of $422,827,000 higher by 32.30% from the same period last year, which beat the estimate of $389,050,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $2.26 and $2.39.

The upcoming fiscal year's revenue expected to be between $1,608,000,000 and $1,653,000,000.

Conference Call Details

Date: Feb 02, 2021

View more earnings on PINC

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/42wuewkn

Recent Stock Performance

Company's 52-week high was at $37.79

52-week low: $27.11

Price action over last quarter: Unaffected 0.00%

Company Overview

Premier is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).

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