Cardinal Health (NYSE:CAH) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cardinal Health announced earnings per share of $1.62 on revenue of $39.16B. Analysts polled by anticipated EPS of $1.44 on revenue of $36.99B. That with comparison to EPS of $1.59 on revenue of $35.23B in the same period a year before. Cardinal Health had reported EPS of $1.52 on revenue of $39.74B in the previous quarter. Analysts are expecting EPS of $0.96 and revenue of $38.01B in the upcoming quarter.
Cardinal Health shares are down 1% from the beginning of the year , still down 17.81% from its 52 week high of $60.69 set on February 12. They are outperforming the S&P 500 which is down 9.7% year to date.
Cardinal Health follows other major Healthcare sector earnings this month
Cardinal Health's report follows an earnings beat by J&J on April 14, who reported EPS of $2.3 on revenue of $20.69B, compared to forecasts EPS of $2.02 on revenue of $19.73B.
Novartis ADR had beat expectations on April 28 with first quarter EPS of $1.56 on revenue of $12.28B, compared to forecast for EPS of $1.39 on revenue of $12B.
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