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Cardinal: Fiscal Q4 Earnings Snapshot
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DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Tuesday reported fiscal fourth-quarter net income of $398 million.

The Dublin, Ohio-based company said it had net income of $1.69 per share. Earnings, adjusted for asset impairment costs and amortization costs, came to $2.91 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.

The prescription drug distributor posted revenue of $63.67 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $65.61 billion.

For the year, the company reported profit of $1.71 billion, or $7.23 per share. Revenue was reported as $254.25 billion.

Cardinal expects full-year earnings in the range of $12.40 to $12.60 per share.

Cardinal shares have increased 15% since the beginning of the year, while the S&P's 500 index has increased 13%. The stock has risen 51% in the last 12 months.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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