Cencora, Inc. (COR) recently released its first-quarter financial report, demonstrating a significant profit increase compared to the same time frame of the previous year. The report's figures surpassed Wall Street's predictions.
Cencora, Inc.'s net earnings amounted to $601.5 million, which equates to $2.98 per share. These figures reflect a substantial increase from the first quarter of the previous year, during which the company earned $479.745 million, or $2.33 per share.
When accounting for special items, Cencora, Inc. reported an adjusted earnings total of $661.407 million, equaling $3.25 per share for the quarter under analysis.
In terms of expectations, analysts anticipated the company's earnings to average at $2.89 per share. These predictions, compiled by Thomson Reuters, typically do not take into consideration special items.
Reflecting this upward trend, the company's first-quarter revenue also rose significantly. Increasing by a striking 15.0%, revenues totalled at $72.252 billion, compared to $62.846 billion of the same period last year.
Looking at Cencora, Inc.'s earnings insights for the first-quarter, under Generally Accepted Accounting Principles (GAAP), we find:
- Earnings for Q1: The company earned $601.5 million, compared to $479.745 million last year.
- Earnings per share for Q1: This stood at $2.98, compared to $2.33 last year.
- Analysts' estimates: These were at $2.89.
- Revenue for Q1: The recorded figure was $72.252 billion, in contrast with $62.846 billion last year.
