07:01 AM EDT, 08/20/2024 (MT Newswires) -- Premier (PINC) reported fiscal Q4 adjusted earnings Tuesday of $0.69 per diluted share, up from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.49.

Net revenue for the quarter ended June 30 was $350.3 million, compared with $340.4 million a year earlier.

Analysts surveyed by Capital IQ expected $313.2 million.

For fiscal 2025, the company expects adjusted EPS of $1.16 to $1.28. Analysts surveyed by Capital IQ expect $2.22.

Net revenue for the fiscal year is projected to be $930 million to $1.02 billion. Analysts polled by Capital IQ expect $1.25 billion.

Separately, Premier said it has appointed Glenn Coleman as chief administrative and financial officer of the company, effective Nov. 11.

Coleman currently serves as CFO of Dentsply Sirona (XRAY). He will succeed Craig McKasson, who will retire on Dec. 31 and serve as a strategic adviser to the company through 2026.

Shares of the company rose more than 8% in recent premarket activity Tuesday.

Price: 21.75, Change: +1.73, Percent Change: +8.64