Cardinal Health (CAH) stock surged early Wednesday after the multinational medical products and pharmaceuticals distributor reported better-than-expected fiscal fourth-quarter results while also hiking its fiscal 2025 profit expectations.
The Dublin, Ohio-based operation announced early Wednesday that fiscal Q4 earnings grew 19% to $1.84 per share while sales increased 12% to $59.87 billion. Prior to the report, analyst consensus had Cardinal Health Q4 EPS coming in at $1.73 on revenue totaling $58.64 billion, according to FactSet.
Cardinal Health also raised its profit guidance for fiscal 2025, expecting adjusted earnings of $7.55-$7.70 per share. The company's previous view had been around $7.50 per share.
Analysts expect fiscal 2025 EPS to remain flat with 2024, coming in at $7.53, while Cardinal Health's forecast represents a 2% increase at the top end of its guidance.
https://www.investors.com/news/cardinal-health-stock-buy-point-earnings/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.