Cardinal Health (CAH) Tops Q1 EPS by 3c; Lowers Guidance
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Cardinal Health Reports First-quarter Results for Fiscal Year 2017
October 31, 2016 7:00 AM EDTDUBLIN, Ohio, Oct. 31, 2016 /PRNewswire/ --Â Cardinal Health (NYSE: CAH) today reported first-quarter fiscal year 2017 revenue of $32 billion, an increase of 14 percent from the comparable quarter last year. The company also reported a decline in GAAP operating earnings of 14 percent to $535 million and in non-GAAP operating earnings of 9 percent to $669 million. GAAP diluted earnings per share (EPS) decreased 17 percent to $0.96, while non-GAAP diluted EPS decreased 10 percent to $1.24.
"Our first-quarter results were largely as we suggested they would be, with a healthy increase in revenue and a decrease in our operating earnings largely... More
