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Stockreport

Here's Why Diplomat Pharmacy Plummeted Today [The Motley Fool]

Diplomat Pharmacy, Inc (DPLO)  More Company Research Source: The Motley Fool
Last diplomat pharmacy, inc earnings: 11/6 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.diplomat.is/investors/default.aspx
PDF The specialty pharmacy is having trouble justifying its pharmacy benefit manager purchases. Brian Orelli ( TMFBiologyFool ) Nov 7, 2018 at 3:32PM What happened Shares of Diplomat Pharmacy ( NYSE:DPLO ) are down 27% at 2:29 p.m. EST after the company released lackluster third-quarter earnings yesterday after the closing bell. Revenue was up 22%, but much of that gain was from the recently acquired pharmacy benefit manager (PBM) businesses, which Diplomat rebranded as CastiaRx. Revenue for the legacy specialty pharmacy segment was up a solid-enough 8% compared to the year-ago quarter. The problem was on the bottom line where Diplomat Pharmacy barely broke even. Operating income was up substantially year over year, but the debt Diplomat took on to pay for the PBMs ate up that income. So what Management cut the top of its 2018 revenue guidan [Read more]

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