Premier Inc (PINC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Premier Inc (PINC) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.41. The company posted revenue of $298.70 million in the period, compared to analysts expectations of $303.40 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Premier Inc opened for trading at $33.46 and hit $33.88 on the upside on Friday, eventually ending the session at $33.72, with a gain of 0.75% or 0.25 points. The heightened volatility saw the trading volume jump to 1,91,724 shares. Company has a market cap of $1,526 M.

In a different news, on Mar 15, 2016, Keith J. Figlioli (Sr. VP Healthcare Informatics) sold 28,866 shares at $33.17 per share price. According to the SEC, on Feb 11, 2016, Stephen R. D’arcy (director) purchased 1,500 shares at $31.66 per share price.

Premier Inc. is a healthcare improvement company. The Company is uniting an alliance of approximately 3600 United States hospitals and approximately 120000 other providers to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics supply chain solutions advisory services performance improvement collaborative and other services. The Company plays a role in the healthcare industry collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.

Premier Inc

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