Cardinal Health (CAH) PT Raised to $78 at Evercore ISI

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Go back to Cardinal Health (CAH) PT Raised to $78 at Evercore ISI

Cardinal Health Reports Third-quarter Results for Fiscal Year 2017

May 1, 2017 7:00 AM EDT

DUBLIN, Ohio, May 1, 2017 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today reported third-quarter fiscal year 2017 revenues of $31.8 billion, an increase of 4 percent. The company also reported a decline in GAAP operating earnings of 8 percent to $605 million and in non-GAAP operating earnings of 4 percent to $759 million. GAAP diluted earnings per share (EPS) increased 3 percent to $1.20, while non-GAAP diluted EPS increased 7 percent to $1.53.

"The third quarter came in largely as we expected, in a dynamic market environment, as we noted a few weeks ago," said George S. Barrett, chairman and chief... More