Revenue Update on Premier Inc(NASDAQ:PINC)

Premier Inc(NASDAQ:PINC) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $358.500M. Analysts estimated a revenue of $373.830M. The revenues were -4.1% below the estimates. Earnings per share were $0.46. The reported EPS was above estimates by 2.22%. Analysts had estimated an EPS of $0.45.

Premier Inc (PINC) shares turned negative on Tuesdays trading session with the shares closing down -1.43 points or -4.44% at a volume of 20,03,237. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.9. The peak price level was also seen at $31.9 while the days lowest was $29.15. Finally the shares closed at $30.75. The 52-week high of the shares is $35.11 while the 52-week low is $28.27. According to the latest information available, the market cap of the company is $1,556 M.

Several Insider Transactions has been reported to the SEC. On Sep 16, 2016, R. Wesley Champion (Sr. VP Premier Perf. Partners) sold 7,108 shares at $31.47 per share price.Also, On Jul 13, 2016, Durral R. Gilbert (President of Supply Chain Svcs) sold 20,000 shares at $34.00 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.

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