Recap: Cardinal Health Q1 Earnings

Cardinal Health CAH reported its Q1 earnings results on Friday, November 4, 2022 at 06:55 AM.

Here's what investors need to know about the announcement.

Cardinal Health beat estimated earnings by 27.66%, reporting an EPS of $1.2 versus an estimate of $0.94.

Revenue was up $5.63 billion from the same period last year.

Last quarter the company missed on EPS by $0.12 which was followed by a 5.03% increase in the share price the next day.

Here's a look at Cardinal Health's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.17	1.52	1.23	1.33
EPS Actual	1.05	1.45	1.27	1.29
Revenue Estimate	44.71B	43.16B	45.57B	41.93B
Revenue Actual	47.10B	44.84B	45.46B	43.97B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Cardinal Health management provided guidance for FY 2023, expecting earnings between $5.05 and $5.4 per share.

To track all earnings releases for Cardinal Health visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.