CareFusion Q2 Profit Rises - Quick Facts

(RTTNews) - CareFusion Corp. (CFN), a medical technology company, reported that its second quarter net income rose to $173 million or $0.83 per share, from $97 million or $0.45 per share in the year ago quarter.

Adjusted net income increased to $206 million or $0.99 per share from $116 million or $0.54 per share in the prior year. As previously disclosed, CareFusion settled a tax audit with the Internal Revenue Service during the second quarter that had a positive impact on adjusted earnings per share for the quarter.

Consolidated revenue grew 16 percent to $1.07 billion compared to $922 million in the second quarter of fiscal year 2014, an 18 percent increase in constant currency. Growth in every business line and the impact of the Vital Signs acquisition contributed to strong revenue during the quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share and revenues of $1.01 billion for the quarter. Analysts' estimates typically exclude special items.

On October 5, 2014, CareFusion and BD announced a definitive agreement under which BD will acquire CareFusion in a cash and stock offer valued at more than $12 billion. The transaction is expected to close by March 31.