Cardinal Health Inc (CAH) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.13. The company posted revenue of $31384.00 million in the period, compared to analysts expectations of $31167.11 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Cardinal Health Inc. Cardinal Health Inc was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.
Cardinal Health Inc opened for trading at $82.6 and hit $83.74 on the upside on Friday, eventually ending the session at $83.6, with a gain of 1.26% or 1.04 points. The heightened volatility saw the trading volume jump to 27,27,090 shares. Company has a market cap of $27,238 M.
In a different news, on May 23, 2016, Carole S Watkins (Chief HR Officer) sold 84,617 shares at $77.33 per share price. According to the SEC, on Nov 12, 2015, George S Barrett (Chairman and CEO) sold 54,658 shares at $87.73 per share price. On Nov 9, 2015, Falk T Stephen (EVP, Gen. Counsel & Corp. Sec.) sold 30,085 shares at $87.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.