Cardinal Health Q2 Adjusted EPS $1.82 Beats $1.60 Estimate, Sales $57.45B Beat $57.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cardinal Health (NYSE:CAH) reported Q2 earnings of $1.82 per share, surpassing the $1.60 estimate, marking a 37.88% increase from last year. Sales reached $57.45B, exceeding the $57.01B estimate, up 11.61% from the previous year.
February 01, 2024 | 11:47 am
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POSITIVE IMPACT
Cardinal Health reported a significant beat on both earnings and sales estimates for Q2, with a notable year-over-year growth.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial growth in earnings and sales compared to the same period last year further strengthens the case for a positive impact on CAH's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100