Cardinal Health Inc Q1 Profit Increases, Beats Estimates

(RTTNews) - Cardinal Health Inc (CAH) reported earnings for its first quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $450 million, or $1.88 per share. This compares with $416 million, or $1.70 per share, last year.

Excluding items, Cardinal Health Inc reported adjusted earnings of $611 million or $2.55 per share for the period.

Analysts on average had expected the company to earn $2.17 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 22.4% to $64.009 billion from $52.277 billion last year.

Cardinal Health Inc earnings at a glance (GAAP) :

-Earnings: $450 Mln. vs. $416 Mln. last year. -EPS: $1.88 vs. $1.70 last year. -Revenue: $64.009 Bln vs. $52.277 Bln last year.

-Guidance: Full year EPS guidance: $9.65 to $9.85