Cencora climbs after raising annual profit forecast
05/08/2026 12:32
BUZZ-Cencora climbs after raising annual profit forecast ** Shares of drug distributor Cencora COR.N rise 3.2% to $316.04 premarket
** Co expects annual adj. profit of $17.75 to $17.95 per share compared to its previous expectation between $17.65 to $17.90
** Co reports Q3 adj. profit of $4.48/shr vs analysts' average estimate of $4.35/shr, according to LSEG data
** COR's Q3 revenue of $84.75 billion beats expectation of $84.32 billion, driven by strong demand for its specialty medicines
** Up to last close, stock down 9.3% YTD
(Reporting by Christy Santhosh)