Healthcare services provider Cardinal Health Inc. (CAH) said its third-quarter earnings from continuing operations grew to $346 million, or $1.00 per share, from $332 million, or $0.95 per share, with non-GAAP earnings from continuing operations climbing to $412 million, or $1.20 per share, from $327 million, or $0.94 per share, a year back. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.95 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked revenue of $24.6 billion in the latest quarter, down 9% compared with the prior-year figure of $26.9 billion, while 13 analysts estimated revenues of $24.72 billion for the quarter.
For fiscal 2013, the company raised its non-GAAP earnings per share from continuing operations outlook to $3.67 - $3.71, from its prior view of $3.42 to $3.52. The revised range includes the $0.18 tax settlement previously mentioned. Analysts estimate earnings per share of $3.50 for fiscal 2013.
Additionally, the board approved a 10 percent increase in its quarterly dividend to $0.3025 per share, or $1.21 per share on an annualized basis, payable on July 15, 2013 to shareholders of record at close of business on July 1, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.