Cardinal Health (CAH) Tops Q2 EPS by 20c, Raises FY Guidance
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Cardinal Health Reports Second Quarter Results for Fiscal Year 2019
February 7, 2019 6:55 AM ESTDUBLIN, Ohio, Feb. 7, 2019 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today reported second quarter fiscal year 2019 revenues of $37.7 billion, an increase of 7 percent. The company also reported growth in GAAP operating earnings of 26 percent to $504 million and a decrease in non-GAAP operating earnings of 13 percent to $637 million. GAAP diluted earnings per share (EPS) were $0.93, a decrease of 72 percent. This decrease reflects $2.83 of transitional tax benefits in the prior-year quarter related to the enactment of U.S. tax reform. Non-GAAP diluted EPS decreased 15 percent to $1.29.
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