Cardinal Health Inc (CAH) reported earnings for its first quarter that Increased from last year and beat the Street estimates.
The company's bottom line totaled $450 million, or $1.88 per share. This compares with $416 million, or $1.70 per share, last year.
Excluding items, Cardinal Health Inc reported adjusted earnings of $611 million or $2.55 per share for the period.
Analysts on average had expected the company to earn $2.17 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.4% to $64.009 billion from $52.277 billion last year.
Cardinal Health Inc earnings at a glance (GAAP) :
-Earnings: $450 Mln. vs. $416 Mln. last year.-EPS: $1.88 vs. $1.70 last year.-Revenue: $64.009 Bln vs. $52.277 Bln last year.
-Guidance:Full year EPS guidance: $9.65 to $9.85
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