Skip to main content

Cardinal: Fiscal Q3 Earnings Snapshot

DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Thursday reported fiscal third-quarter net income of $399 million.

The Dublin, Ohio-based company said it had profit of $1.69 per share. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to $3.17 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.

The prescription drug distributor posted revenue of $60.94 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $62.35 billion.

Cardinal expects full-year earnings in the range of $10.70 to $10.80 per share.

Cardinal shares have dropped slightly more than 1% since the beginning of the year, while the S&P’s 500 index has climbed 4%. The stock has climbed 45% 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