Cardinal Health (CAH) Tops Q2 EPS by 16c
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Cardinal Health Reports Second-quarter Results for Fiscal Year 2018
February 8, 2018 7:00 AM ESTDUBLIN, Ohio, Feb. 8, 2018 /PRNewswire/ --Â Cardinal Health (NYSE: CAH) today reported second-quarter fiscal year 2018 revenue of $35.2 billion, an increase of 6 percent. The company also reported a decline in GAAP operating earnings of 26 percent to $399 million and an increase in GAAP diluted earnings per share (EPS) of 226 percent to $3.33. GAAP EPS included, among other items, $2.83 of transitional tax benefits related to the enactment of U.S. tax reform discussed below. Non-GAAP operating earnings increased 4 percent to $730 million, while non-GAAP EPS increased 13 percent to $1.51. Excluding a $0.20 benefit from a lower tax... More
