Cardinal Health Inc (CAH) recently announced its earnings for the first quarter, showcasing a strong financial turnaround. The company reported a net income of $416 million, a significant improvement compared to a net loss of $12 million during the same period last year. Earnings per share (EPS) also saw a remarkable increase to $1.70, up from a loss of $0.05 per share in the previous year. After accounting for adjustments, the company's earnings stood at $460 million, or $1.88 per share, for the quarter.
These figures surpassed analysts' expectations, who had projected an earnings per share of $1.62. Revenue for the quarter came in at $52.277 billion, compared to $54.650 billion in the same period last year.
Looking ahead, Cardinal Health provided guidance for full-year EPS, which is anticipated to range between $7.75 and $7.90 per share.
