Tiger Brokers

BUZZ-Cencora up on raising 2025 profit forecast

Reuters
May 07, 2025
BUZZ-Cencora up on raising 2025 profit forecast 

** Shares of drug distributor Cencora COR.N rise 5.7% to $307.50

** Co raises annual adj.profit forecast on strong demand for costly specialty medicines and weight-loss drugs

** Expects 2025 adj.profit to be between $15.70 and $15.95 per share, up from its previous expectation of $15.30 to $15.60 per share

** Q2 revenue at its U.S. healthcare business came in at $68.3 billion, up 11.4% from a year earlier

** Reports Q2 adj.profit of $4.42 per share, beating analysts' estimates of $4.11 per share, as per data compiled by LSEG

** "The fact that COR has now increased guidance 4x so far in FY25 (this is only the second fiscal quarter report) shows underlying confidence in the business as well"- brokerage Leerink Partners

** Including session moves, stock up 36.6% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com))

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