Premier Jumps 5% as Fiscal Q1 EPS Beats

Premier shares jumped 5% Tuesday after the company reported late Monday a fiscal Q1 adjusted earnings of $0.41 per share compared with an income of $0.38 per share a year ago, beating the $0.40 average EPS estimate from analysts polled by Capital IQ.

Net revenue over the three months that ended Sept. 30 jumped 16% to $313.3 million, coming in below the $319.3-million consensus.

Guidance for fiscal 2017 EPS was raised to a new range of $1.76 to $1.87 per diluted share from a prior view for $1.71 to $1.82 per share, which straddles the $1.81 per share consensus. Revenue guidance was reaffirmed at $1.45 billion to $1.52 billion, also straddling

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