Premier Inc. announced first quarter adjusted earnings of 68 cents per share which beat Bloomberg’s consensus estimate of 65 cents per share in a press release Tuesday.

The company also beat adjusted net income estimates by approximately 4.5 percent. Premier reported adjusted net income of $86.0 million, however it was down from the same quarter in the previous year which had an adjusted net income of $87.5 million.

Premier reported a 3 percent increase in net revenue to $302.4 million from $292.6 million a year ago.

“We are confident in the company’s strategy and future prospects and believe our strong free cash flow and flexible balance sheet will continue to provide Premier with a solid foundation for growth and stockholder value creation,” said CEO Susan DeVore.

Premier is a healthcare improvement company based in Charlotte. Its stock closed at $36.59 Tuesday, up $3.17.