Cardinal Health (NYSE:CAH) posted fiscal second quarter earnings from continuing operations of $215 million, or $0.61 per share, compared to $230 million, or $0.64 per share in the same quarter last year.
Adjusted earnings of $0.69 per share beat analyst expectations.
Revenue was just ahead of expectations, rising 2%, to $25.4 billion.
Cardinal Health said it was raising its full year forecast to earnings of $2.54 to $2.60 per share today, ahead of analyst estimates.
Also today, health insurer Cigna (NYSE:CI) posted fourth quarter earnings of $461 million, or $1.69 per share, compared to $330 million, or $1.19 per share, in the same quarter last year.
Adjusted earnings of $1.15 were well ahead of analyst expectations, as was revenue, which rose 17%, to $5.43 billion.
Cigna said it is looking for earnings of $4.30 to $4.70 per share in 2011.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
The collective wisdom of the membership
Launch related slideshow:
Wednesday 4/16 Insider Buying Report: NEON
Tuesday 4/15 Insider Buying Report: LTS
Tuesday 4/15 Insider Buying Report: FLXS, AA
S&P 500 Movers: LLTC, YHOO
Nasdaq 100 Movers: LLTC, YHOO
Dow Movers: UNH, V
S&P 500 Analyst Moves: QCOM
S&P 500 Analyst Moves: TWX
Dow Analyst Moves: V
Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
Wednesday Sector Laggards: Music & Electronics Stores, Precious Metals
Tuesday Sector Leaders: Electric Utilities, Oil & Gas Exploration & Production Stocks
Wednesday's ETF with Unusual Volume: IGM
Wednesday's ETF Movers: FBT, GDX
FDN, RUSS: Big ETF Outflows
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Daily Dividend Report: CSX, NTRS, FRC, NGLS, BTE
Daily Dividend Report: CPG, WHR, VET, SE, NNN
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: April 11, 2014
Weekly Market Wrap: April 4, 2014
Weekly Market Wrap: March 28, 2014
Week Ahead Market Report: April 14, 2014
Week Ahead Market Report: April 7, 2014
Week Ahead Market Report: March 31, 2014