Cardinal Health Inc. (CAH - Free Report) is a healthcare services company engaged in providing pharmaceutical and medical products and services in the United States and International markets. The company primarily operates in two segments, Pharmaceutical and Medical.
Currently, Cardinal Health has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank(Strong Buy)stocks here. We have highlighted some of the key details from the just-released announcement below:
Earnings: Cardinal Health’s adjusted earnings rose 14.9% on a year-over-year basis to $1.31 per share. It also outpaced the Zacks Consensus Estimate of $1.24.
Revenues: Revenues increased 5% on a year-over-year basis to almost $33 billion, beating the Zacks Consensus Estimate of $32.8 billion.
Key Stats: Pharmaceutical revenues surged 5% to $29.6 billion while revenues from Medical segment increased 6% to $3.4 billion in the quarter.
Pharmaceutical segment revenues increased due to strong growth from the Specialty business and higher number of Pharmaceutical Distribution business customers. Higher contributions from net new and existing customers and solid performance in the post-acute segment were primarily responsible for the growth in Medical segment revenues.
The company expects adjusted earnings for fiscal 2018 in the range of $4.85 to $5.10 per share.
Check back later for our full write up on this Cardinal Health earnings report later!
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