DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Thursday reported fiscal third-quarter net income of $506 million.
The Dublin, Ohio-based company said it had profit of $2.10 per share. Earnings, adjusted for one-time gains and costs, were $2.35 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The prescription drug distributor posted revenue of $54.88 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $55.03 billion.
Cardinal expects full-year earnings in the range of $8.05 to $8.15 per share.
Cardinal shares have risen 19% since the beginning of the year, while the S&P’s 500 index has declined slightly more than 5%. The stock has climbed 37% 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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
