12:34 PM EST, 11/05/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph)

Premier (PINC) shares rose 11% in recent Tuesday trading after fiscal Q1 earnings beat estimates.

Adjusted earnings in the three months ended Sept. 30 fell to $0.34 a share from $0.47 a year earlier, the company said Tuesday in a statement.

Analysts polled by Capital IQ expected $0.25.

Revenue dropped to $248.1 million from $269 million a year earlier.

Analysts surveyed by Capital IQ expected $232.8 million.

The company reiterated fiscal 2025 adjusted EPS guidance of $1.16 to $1.28 on revenue of $930 million to $1.02 billion, excluding Contigo Health.

Analysts polled by Capital IQ expect EPS of $1.21 on revenue of $977.5 million.

Price: 22.21, Change: +2.20, Percent Change: +10.97