Cardinal Health (CAH) Misses Q3 EPS by 7c

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Go back to Cardinal Health (CAH) Misses Q3 EPS by 7c

Cardinal Health Reports Third Quarter Fiscal 2022 Results

May 5, 2022 6:55 AM EDT

Revenue increased 14% to $44.8 billionGAAP1 operating loss was $97 million due to a non-cash, pre-tax goodwill impairment of $474 million in the Medical segment; GAAP diluted loss per share was $5.05, primarily due to this impairment, net of tax effectsNon-GAAP operating earnings decreased 21% to $545 million, primarily due to a decline in Medical segment profit; Non-GAAP diluted EPS decreased 5% to $1.45Finalized the previously announced national opioid settlement agreementCompany updates FY22 guidance

DUBLIN, Ohio, May 5, 2022... More