UPDATE: Cardinal Health (CAH) Tops Q1 EPS by 21c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Above Consensus

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Go back to UPDATE: Cardinal Health (CAH) Tops Q1 EPS by 21c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Above Consensus

Cardinal Health Reports First Quarter Results for Fiscal Year 2019

November 8, 2018 6:55 AM EST

DUBLIN, Ohio, Nov. 8, 2018 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today reported first quarter fiscal year 2019 revenues of $35.2 billion, an increase of 8 percent. The company also reported growth in GAAP operating earnings of 211 percent to $816 million and a decrease in non-GAAP operating earnings of 11 percent to $542 million. GAAP operating earnings included a gain of $508 million ($378 million after-tax) related to the naviHealth divestiture. GAAP diluted earnings per share (EPS) from continuing operations increased 439 percent to $1.94, while non-GAAP diluted EPS increased 18 percent to $1.29.

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