Cardinal Health Reports Q3 Profit Beat, Revenue Miss

By Emma Court Markets MarketWatch Pulse

Cardinal Health Inc. reported a third-quarter profit beat and revenue miss Monday premarket. Earnings for the latest quarter declined to $381 million, or $1.20 per share, from $386 million, or $1.17 per share in the year-earlier period. Adjusted earnings-per-share were $1.53, compared with the FactSet consensus of $1.46. Revenue rose to $31.8 billion from $30.7 billion, compared with the FactSet consensus of $32.3 billion. The company reaffirmed that its fiscal 2017 guidance is at the bottom of a previous range of $5.35 to $5.50, compared with the FactSet consensus of $5.36. Shares of Cardinal Health were inactive in premarket trade. Shares have declined 3.7% over the last three months, compared with a 4.6% rise in the S&P 500 .

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