U.S. Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg
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McKesson (MCK) Mentioned Negatively at Morgan Stanley
August 8, 2019 12:07 PM EDTMcKesson (NYSE: MCK) may experience the most pain from optiod settlements according to comments out of Morgan Stanley.
Cardinal Health (CAH) Tops Q4 EPS by 18c, Revenues Beat; FY20 EPS Mid-Point Guidance Below Consensus
August 8, 2019 6:58 AM EDTCardinal Health (NYSE: CAH) reported Q4 EPS of $1.11, $0.18 better than the analyst estimate of $0.93. Revenue for the quarter came in at $37.4 billion versus the consensus estimate of $36.81 billion.
Fourth quarter revenue increased 6 percent to $37.4 billion, and full year revenue increased 6 percent to $145.5 billionFourth quarter GAAP(1) operating earnings were $307 million, and non-GAAP operating earnings were $507 millionFourth quarter GAAP diluted earnings per share were $0.65, and non-GAAP diluted earnings per share were $1.11Full year GAAP operating earnings were $2.1 billion, and non-GAAP operating earnings were $2.4... More