BUZZ-Cencora rises after lifting 2025 profit forecast
ReutersFeb 5, 2025 3:09 PM
Shares of drug distributor Cencora COR.N rise 1.7% to $255.77
Co raises fiscal 2025 profit forecast, driven by robust demand for expensive specialty medicines
Expects 2025 adj. profit to range between $15.25 and $15.55 per share, up from previous view of $15.15 to $15.45
Reports adj. Q1 profit of 3.73 per share, beating estimates of $3.50 per share - data compiled by LSEG
Q1 sales in its U.S. healthcare solutions segment rose 13.6% to $74.0 billion
"COR is off to a strong year stock-wise, but we see this quarter/guidance as another reason to see further upside on both estimates and multiple expansion," brokerage Leerink Partners says
Stock rose 9.4% in 2024
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