02.05.2024 12:50:39 - dpa-AFX: Cardinal Health Inc Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Cardinal Health Inc (CAH) reported earnings for third
quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $258 million, or $1.05 per share. This
compares with $345 million, or $1.34 per share, in last year's third quarter.

Excluding items, Cardinal Health Inc reported adjusted earnings of $509 million
or $2.08 per share for the period.

Analysts on average had expected the company to earn $1.95 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 8.8% to $54.91 billion from $50.49
billion last year.

Cardinal Health Inc earnings at a glance (GAAP) :

-Earnings (Q3): $258 Mln. vs. $345 Mln. last year.
-EPS (Q3): $1.05 vs. $1.34 last year.
-Revenue (Q3): $54.91 Bln vs. $50.49 Bln last year.

-Guidance:
Full year EPS guidance: $7.30 to $7.40


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CARDINAL HEALTH INC. 880206 Frankfurt 89,980 31.05.24 08:07:59 +1,940 +2,20% 0,000 0,000 89,980 89,980

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