Cardinal Health Q2 Earnings Beat Expectations
DUBLIN, Ohio (AP) - Cardinal Health Inc. (CAH) reported second-quarter earnings of $400 million on Thursday. The Dublin, Ohio-based company's net income was $1.65 per share. Adjusted earnings, excluding one-time items, were $1.93 per share, exceeding analysts' estimates of $1.75 per share.
Cardinal Health's revenue reached $55.26 billion for the quarter, also surpassing expectations of $54.89 billion. The company projects full-year earnings to range from $7.85 to $8 per share.
CAH stock has risen 8% year-to-date, outperforming the S&P 500 index's 27% gain. Over the past 12 months, the stock has gained 20%.