DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Thursday reported fiscal third-quarter net income of $345 million, after reporting a loss in the same period a year earlier.
The Dublin, Ohio-based company said it had profit of $1.34 per share. Earnings, adjusted for one-time gains and costs, came to $1.74 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The prescription drug distributor posted revenue of $50.49 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $49.66 billion.
Cardinal expects full-year earnings in the range of $5.60 to $5.80 per share.
Cardinal shares have risen 6% since the beginning of the year, while the S&P's 500 index has increased 6.5%. The stock has risen 39% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CAH">Zacks stock report on CAH at https://www.zacks.com/ap/CAH