Leerink Partners Raises Price Target on Cardinal Health (CAH) Following Conference Call

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Go back to Leerink Partners Raises Price Target on Cardinal Health (CAH) Following Conference Call

Cardinal Health Reports Strong First-Quarter Results For Fiscal 2016

November 2, 2015 7:00 AM EST

DUBLIN, Ohio, Nov. 2, 2015 /PRNewswire/ -- Cardinal Health today reported fiscal year 2016 first-quarter results, with revenue of $28.1 billion, an increase of 17 percent, and non-GAAP diluted earnings per share attributable to Cardinal Health (EPS) of $1.38, an increase of 38 percent. Non-GAAP operating earnings increased 30 percent to $737 million. On a GAAP basis, operating earnings increased 33 percent to $620 million, and diluted EPS increased 47 percent to $1.15.

"We are off to a very strong start to our fiscal 2016," said George Barrett, chairman and chief executive officer of Cardinal Health. "We reported outstanding progress on both the top and bottom lines, reflecting strong... More