Investing.com - Cardinal Health reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cardinal Health announced earnings per share of $1.51 on revenue of $39.07B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $38.17B.
Cardinal Health shares are down 39% from the beginning of the year and are trading at $49.44 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.01% 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 October 13, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.
Pfizer had beat expectations on October 27 with third quarter EPS of $0.72 on revenue of $12.13B, compared to forecast for EPS of $0.71 on revenue of $12.31B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar