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Cardinal Health Analysts Raise Their Forecasts Following Upbeat Earnings

Cardinal Health Inc (NYSE:CAH) reported better-than-expected earnings for its fourth quarter on Wednesday. Cardinal Health reported fourth-quarter 2024 adjusted EPS of $1.84, up 29% year over year, beating the consensus of $1.73. Sales increased 12% to $59.87 billion, beating the consensus of $58.64 billion. The pharmaceutical segment revenue increased 12% to $55.6 billion, driven by brand and specialty pharmaceutical sales growth from existing customers. Cardinal Health raised its fiscal year 2025 adjusted EPS guidance to $7.55-$7.70 from the preliminary outlook of at least $7.50 versus the consensus of $7.53. The company updated its Pharmaceutical and Specialty Solutions segment profit ...