Cardinal: Fiscal 2Q Earnings Snapshot
DUBLIN, Ohio (AP) _ Cardinal Health Inc. (CAH) on Thursday reported fiscal second-quarter earnings of $280 million.
The Dublin, Ohio-based company said it had profit of 93 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The prescription drug distributor posted revenue of $37.74 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $36.25 billion.
Cardinal expects full-year earnings in the range of $4.97 to $5.17 per share.
Cardinal shares have increased 14 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 9 percent. The stock has dropped 22 percent in the last 12 months.