Cardinal Health rises after forecasting annual profit above estimates
CAH•Cardinal Health shares rise on stronger profit outlook
Shares of drug distributor Cardinal Health CAH.N rose 5% to $248.91 premarket after the company forecast annual adjusted profit above analysts' estimates.
The company sees annual adjusted profit of $12.40-$12.60/shr versus analysts' average estimate of $12.04/shr — LSEG data.
Quarterly results beat profit estimates, revenue misses
Cardinal Health reported fourth-quarter adjusted profit of $2.91/shr versus analysts' average estimate of $2.42/shr — LSEG data.
Quarterly revenue of $63.70 billion missed analysts' average expectation of $65.03 billion.
As of the last close, the stock was up about 16% year to date.
