Skip to main content

Cardinal: Fiscal Q2 Earnings Snapshot

DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Thursday reported fiscal second-quarter earnings of $467 million.

On a per-share basis, the Dublin, Ohio-based company said it had net income of $1.97. Earnings, adjusted for one-time gains and costs, came to $2.63 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.

The prescription drug distributor posted revenue of $65.63 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $65.04 billion.

Cardinal expects full-year earnings in the range of $10.15 to $10.35 per share.

Cardinal shares have risen nearly 1% since the beginning of the year, while the S&P’s 500 index has risen 0.5%. The stock has risen 65% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAH at https://www.zacks.com/ap/CAH

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story