Cencora Reports Fiscal 2024 Fourth Quarter and Year End Results
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Cencora, Inc. (NYSE: COR) reported a 14.7% increase in revenue to $79.1 billion for Q4 2024 and a 12.1% increase to $294.0 billion for the fiscal year. However, GAAP diluted EPS dropped significantly to $0.02 from $1.72 in the previous year.
November 06, 2024 | 11:45 am
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Cencora reported a significant revenue increase for Q4 2024, but GAAP EPS saw a drastic decline, indicating potential profitability issues despite strong sales.
The significant increase in revenue suggests strong sales performance, but the drastic drop in GAAP EPS from $1.72 to $0.02 indicates potential issues with profitability or increased costs. This mixed result could lead to short-term negative sentiment among investors.
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