Investing.com - Cardinal Health reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cardinal Health announced earnings per share of $1.27 on revenue of $45.46B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $45.61B.
Cardinal Health shares are down 6% from the beginning of the year and are trading at $51.60 , down-from-52-week-high.They are outperforming the Nasdaq which is down 7.85% from the start of the year.
Cardinal Health follows other major Healthcare sector earnings this month
Cardinal Health's report follows an earnings beat by J&J on January 25, who reported EPS of $2.13 on revenue of $24.8B, compared to forecasts EPS of $2.12 on revenue of $25.28B.
UnitedHealth had beat expectations on January 19 with fourth quarter EPS of $4.48 on revenue of $73.74B, compared to forecast for EPS of $4.3 on revenue of $72.98B.
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