Cardinal Health Exceeds Q4 Estimates, Raises 2025 Profit Outlook
Strong pharmaceutical sales drive revenue growth and improved earnings forecasts for the healthcare firm.
- Cardinal Health reported Q4 adjusted earnings per share of $1.84, surpassing analyst expectations.
- Revenue for the quarter increased by 12% year-over-year to $59.9 billion.
- The company raised its full-year adjusted EPS guidance to a range of $7.55 to $7.70 for fiscal 2025.
- Pharmaceutical and Specialty Solutions unit sales rose 13% to $55.6 billion in Q4.
- Cardinal Health plans to increase share repurchases to $750 million in fiscal 2025.