Investing.com - Cardinal Health reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cardinal Health announced earnings per share of $1.45 on revenue of $44.8B. Analysts polled by Investing.com anticipated EPS of $1.53 on revenue of $43.21B.
Cardinal Health shares are up 17% from the beginning of the year and are trading at $60.49 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.78% 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 UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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