News Column

Cardinal Health Reports Fiscal 2014 Third-Quarter Results

May 17, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Cardinal Health reported fiscal year 2014 third-quarter revenue of $21.4 billion and non-GAAP diluted earnings per share from continuing operations (EPS) of $1.01. Non-GAAP operating earnings decreased 3 percent to $561 million, reflecting the continuing impact of the previously announced Walgreens contract expiration.

"Our organization delivered a solid third quarter to our fiscal 2014, completing a first nine months of strong financial performance and excellent progress on our strategic initiatives," said George Barrett, chairman and chief executive officer of Cardinal Health. "During the recent period, we strengthened our medical preferred products program with the announcement of the acquisition of AccessClosure and enhanced our specialty solutions capabilities with the acquisition of Sonexus Health."

The company reaffirmed its FY14 guidance for non-GAAP diluted earnings per share from continuing operations of $3.75 to $3.85.

Keywords for this news article include: Finance, Cardinal Health Inc..

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Source: Investment Weekly News


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