Cardinal Health (NYSE:CAH) announced that second fiscal quarter 2013 earnings were 93 cents per share, beating estimates of 85 cents per share. The company earned 81 cents per share in the same period last year. Net earnings were $303 million, or 88 cents per share, up 16% from last year. Revenue was $25.232 billion, down by seven percent year over year, but beating estimates of $24.598 million. The decline was mainly due to brand to generic conversions, as well as the expiration of the contract with Express Scripts Holding Company (NASDAQ:ESRX).
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.