Premier Inc (PINC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Premier Inc (PINC) reported quarterly earnings results on Monday, Aug-22-2016. The company reported $0.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.38. The company posted revenue of $301.40 million in the period, compared to analysts expectations of $300.29 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Premier Inc opened for trading at $32.82 and hit $33.3845 on the upside on Friday, eventually ending the session at $32.84, with a gain of 0.21% or 0.07 points. The heightened volatility saw the trading volume jump to 3,15,192 shares. Company has a market cap of $1,496 M.

In a different news, on Jul 13, 2016, Durral R. Gilbert (President of Supply Chain Svcs) sold 20,000 shares at $34.00 per share price. According to the SEC, on Jul 6, 2016, R. Wesley Champion (Sr. VP Premier Perf. Partners) sold 25,049 shares at $33.23 per share price. On May 11, 2016, Keith J. Figlioli (Sr. VP Healthcare Informatics) sold 28,715 shares at $34.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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