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Cardinal: Fiscal 3Q Earnings Snapshot

DUBLIN, Ohio (AP) _ Cardinal Health Inc. (CAH) on Thursday reported fiscal third-quarter profit of $296 million.

On a per-share basis, the Dublin, Ohio-based company said it had net income of 99 cents. Earnings, adjusted for amortization costs and restructuring costs, came to $1.59 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The prescription drug distributor posted revenue of $35.23 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $35.26 billion.

Cardinal expects full-year earnings in the range of $5.02 to $5.17 per share.

Cardinal shares have increased 11% since the beginning of the year, while the Standard & Poor's 500 index has increased 15%. The stock has declined slightly more than 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAH at https://www.zacks.com/ap/CAH