Cardinal Health Reports 69 Cent Adjusted EPS (CAH)

Dublin, Ohio-based Cardinal Health, Inc. CAH announced on Thursday morning that it beat consensus Wall Street estimates. Cardinal Health, Inc reported that its 2nd quarter earnings from continuing operations fell 7% to $215.4 million, or 61 cents per share, down from $230.0 million, or 64 cents, a year earlier. Excluding special items, the company's earnings came in at 69 cents per share. Cardinal Health, Inc reported revenue of $25.4 billion, up 2% from $24.9 billion a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 61 cents per share, on revenue of $25.12 billion. Cardinal Health, Inc. (CAH) closed the previous trading day at $41.69 per share. Analysts covering the company's stock give it a consensus price target of $43.50 per share. Cardinal Health, Inc is a $99 billion health care services company that improves the cost-effectiveness of health care. Read more from Benzinga's Company news.