Cardinal Health shares fell 6% in pre-conference trading as the drug distribution company announced lower-than-expected results. Cardinal Health reported a net loss of $ 1.4 billion, or $ 5.05 per share, in the third quarter of 2022, compared with a net profit of $ 119 million, or 40 cents a share, a year ago. Adjusted […]
Tag: Cardinal Health
Cardinal health: Higher-than-expected quarterly earnings, lower earnings
Cardinal health’s share of pre-conference trading rose 1.5% as the drug distribution and laboratory products company reported lower-than-expected quarterly earnings, but revenue exceeded estimates. The company returned a profit of $ 271 million, or 94 cents a share, from a loss of $ 253 million, or 86 cents a share, a year ago. Excluding the […]