We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cardinal Health (CAH) Beats on Earnings & Revenues in Q1
Read MoreHide Full Article
Cardinal Health (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 #4 (Sell) but that could change following its first-quarter fiscal 2019 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 increased 18% on a year-over-year basis to $1.29 per share. Notably, the figure beat the Zacks Consensus Estimate of $1.06.
Revenues:Revenues increased 7.9% on a year-over-year basis to $35.21 billion and beat the Zacks Consensus Estimate of $33.54 billion.
Cardinal Health, Inc. Price, Consensus and EPS Surprise
Key Stats:Pharmaceutical revenues surged 8.6% to $31.42 billion while revenues from Medical segment increased 2.1% to $3.80 billion in the reported quarter.
Major Factor:The company reiterated its adjusted earnings guidance for fiscal 2019. Adjusted earnings from continuing operations are expected to be $4.90 to $5.15.
Stock Price:Following the earnings release, share prices of Cardinal Health moved up 8.7% to $58.30 in the pre-market trading session.
Check back later for our full write up on this Cardinal Health earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Cardinal Health (CAH) Beats on Earnings & Revenues in Q1
Cardinal Health (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 #4 (Sell) but that could change following its first-quarter fiscal 2019 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 increased 18% on a year-over-year basis to $1.29 per share. Notably, the figure beat the Zacks Consensus Estimate of $1.06.
Revenues:Revenues increased 7.9% on a year-over-year basis to $35.21 billion and beat the Zacks Consensus Estimate of $33.54 billion.
Cardinal Health, Inc. Price, Consensus and EPS Surprise
Cardinal Health, Inc. Price, Consensus and EPS Surprise | Cardinal Health, Inc. Quote
Key Stats:Pharmaceutical revenues surged 8.6% to $31.42 billion while revenues from Medical segment increased 2.1% to $3.80 billion in the reported quarter.
Major Factor:The company reiterated its adjusted earnings guidance for fiscal 2019. Adjusted earnings from continuing operations are expected to be $4.90 to $5.15.
Stock Price:Following the earnings release, share prices of Cardinal Health moved up 8.7% to $58.30 in the pre-market trading session.
Check back later for our full write up on this Cardinal Health earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>