Benzinga - by Lisa Levin, Benzinga Editor. Cardinal Health Inc (NYSE: CAH) reported better-than-expected fourth-quarter earnings and raised its guidance.
Cardinal Health reported fourth-quarter adjusted EPS of $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion.
Cardinal Health raised its FY24 adjusted EPS guidance to $6.50-$6.75 from prior guidance of $6.45-$6.70 versus consensus of $6.59.
Cardinal Health shares lost 2.6% to close at $90.57 on Tuesday.
These analysts made changes to their price targets on Cardinal Health following earnings announcement.
- Mizuho increased the price target on Cardinal Health from $94 to $96. Mizuho analyst Ann Hynes maintained a Neutral rating.
- Baird raised the price target on Cardinal Health from $107 to $108. Baird analyst Eric Coldwell maintained an Outperform rating.
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