Cardinal Health Raises FY24 Adjusted EPS Guidance To $6.50-$6.75 From Prior Guidance Of $6.45-$6.70 Versus Consensus Of $6.59
Portfolio Pulse from Benzinga Newsdesk
Cardinal Health has increased its FY24 adjusted EPS guidance to $6.50-$6.75, up from the previous guidance of $6.45-$6.70. The new guidance is above the consensus estimate of $6.59.
August 15, 2023 | 10:59 am
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Cardinal Health's raised FY24 EPS guidance, which is above the consensus estimate, may positively impact its stock price in the short term.
Companies often see their stock prices increase when they raise their earnings guidance, especially when the new guidance is above the consensus estimate. This is because it signals to investors that the company is expecting to perform better than previously anticipated.
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