Cardinal: Fiscal 4Q Earnings Snapshot
Aug. 06, 2018
DUBLIN, Ohio (AP) _ Cardinal Health Inc. (CAH) on Monday reported a fiscal fourth-quarter loss of $1.17 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dublin, Ohio-based company said it had a loss of $3.76. Earnings, adjusted for one-time gains and costs, were $1.01 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The prescription drug distributor posted revenue of $35.35 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $34.55 billion.
For the year, the company reported profit of $256 million, or 81 cents per share. Revenue was reported as $136.81 billion.
Cardinal expects full-year earnings in the range of $4.90 to $5.15 per share.
Cardinal shares have declined 18 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has declined 27 percent in the last 12 months.