Drug distributor AmerisourceBergen Corp., Valley Forge, Pa., lowered its earnings forecast for 2005 due to lower pharmaceutical price increases, fewer product deals with manufacturers and reduced alternate source purchases in the quarter ended in December. Operating revenue growth in the fiscal year is also expected to be flat due to the loss of two large customers in 2004, the company said. Earnings per share from continuing operations are now expected to range between $4 and $4.10 vs. $4.20 to $4.30. The company also said it expects to return to long-term-earnings per-share growth of 15% in the quarter ending September 2005. -- by Cinda Becker
AmerisourceBergen earnings outlook down
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