Cardinal Health Inc Q3 adjusted earnings Miss Estimates

Cardinal Health Inc (CAH) reported earnings for third quarter that declined from the same period last year.

The company's earnings came in at $119 million, or $0.40 per share. This compares with $350 million, or $1.19 per share, in last year's third quarter.

Excluding items, Cardinal Health Inc reported adjusted earnings of $451 million or $1.53 per share for the period.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.3% to $39.3 billion from $39.2 billion last year.

Cardinal Health Inc earnings at a glance:

-Earnings (Q3): $451 Mln. vs. $474 Mln. last year.
-EPS (Q3): $1.53 vs. $1.62 last year.
-Analysts Estimate: $1.55
-Revenue (Q3): $39.3 Bln vs. $39.2 Bln last year.

Full year EPS guidance: $5.90 to $6.05

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