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 story : Cardinal Health shares slide 8.8% premarket after earnings fall short of esimates #FinanceUSA #StockMarketNEWS Cardinal Health Inc. shares slid 8.8% in premarket trade Thursday, after the drug distributor

@stockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Cardinal Health shares slide 8.8% premarket after earnings fall short of esimates #FinanceUSA #StockMarketNEWS
Cardinal Health Inc. shares slid 8.8% in premarket trade Thursday, after the drug distributor posted weaker-than-expected earnings for its fiscal third quarter and lowered the top end of its guidance. The company said net income fell to 9 million, or 40 cents a share, in the quarter to March 31, down from 0 million, or .19 a share, in the year-earlier period. Excluding special items, adjusted EPS came to .53, just below the .55 FactSet consensus. Revenue rose to .3 billion from .2 billion, also below the FactSet consensus of .1 billion. The company narrowed its fiscal 2021 adj. EPS guidance range to .90 to .05 from previous guidance of .85 to .10. Shares have gained 13.6% in the year to date, while the S&P 500 has gained 11%.


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