Cardinal Health (CAH) Tops Q1 EPS by 9c, Reaffirms FY18 EPS Guidance

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Go back to Cardinal Health (CAH) Tops Q1 EPS by 9c, Reaffirms FY18 EPS Guidance

Cardinal Health Reports First-quarter Results for Fiscal Year 2018

November 6, 2017 6:45 AM EST

DUBLIN, Ohio, Nov. 6, 2017 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today reported first-quarter fiscal year 2018 revenues of $32.6 billion, an increase of 2 percent. The company also reported a decline in GAAP operating earnings of 51 percent to $262 million and in non-GAAP operating earnings of 9 percent to $610 million. GAAP diluted earnings per share (EPS) decreased 63 percent to $0.36, while non-GAAP diluted EPS decreased 12 percent to $1.09.

"Fiscal year 2018 started largely as we expected and included strong performance from many of our business lines across the segments. With one quarter behind us, we remain comfortable with our... More