Major Healthcare Service Provider Cardinal Health Issues Upbeat Outlook, Shares Rise
Portfolio Pulse from Vandana Singh
Cardinal Health Inc (NYSE:CAH) reported Q1 FY24 adjusted EPS of $1.73, up 44% Y/Y, beating the consensus of $1.41. Sales increased 10% to $54.80 billion, beating the consensus of $54.76 billion. The company raised its FY24 adjusted EPS guidance to $6.75-$7.00 from prior guidance of $6.50-$6.75. CAH shares are up 3.61% at $97.17 during the premarket session.
November 03, 2023 | 1:05 pm
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POSITIVE IMPACT
Cardinal Health reported strong Q1 FY24 results, beating estimates and raising its FY24 EPS guidance. This positive news led to a 3.61% increase in the company's share price.
Cardinal Health's strong Q1 FY24 results and raised EPS guidance are positive indicators of the company's performance and future outlook. This has led to increased investor confidence, reflected in the 3.61% increase in the company's share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100