{"id":11894,"date":"2023-08-15T12:34:02","date_gmt":"2023-08-15T12:34:02","guid":{"rendered":"https:\/\/isafespend.com\/investing\/cardinal-health-tops-earnings-estimates-raises-guidance-on-strong-momentum\/"},"modified":"2023-08-15T12:34:03","modified_gmt":"2023-08-15T12:34:03","slug":"cardinal-health-tops-earnings-estimates-raises-guidance-on-strong-momentum","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11894","title":{"rendered":"Cardinal Health tops earnings estimates, raises guidance on ‘strong momentum’"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on ‘strong momentum’<\/span>
\n<\/i>\n<\/div>\n

Cardinal Health <\/span><\/span> (NYSE:) reported better-than-expected FQ4 results today.<\/p>\n

Adjusted came in at $1.55, marking a notable increase compared to $1.05 in the previous year, and surpassing the expected $1.49. Adjusted operating income totaled $560 million, a 24% increase year over year, exceeding the projected $540 million.<\/p>\n

The company’s revenue also showed a robust rise, reaching $53.45B, up 13% YoY, and exceeding the expected $52.7B. Pharmaceutical revenue achieved $49.7B, rising 15% YoY and outperforming the expected $48.96B.<\/p>\n

Following the FQ4 outperformance, the company has raised its fiscal year 2024 non-GAAP EPS guidance to a range of $6.50 to $6.75, up from the previous range of $6.45 to $6.70.<\/p>\n

“As we move into the new fiscal year, we do so with strong momentum and have accordingly revised our previously communicated fiscal year 2024 EPS guidance,\u201d the company said.<\/p>\n

“We are pleased with the robust conclusion to the year, characterized by substantial cash flow generation, ongoing robust growth in the Pharmaceutical segment, and significant enhancements in the Medical segment. This growth is attributed to the successful execution of our Medical Improvement Plan.”<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on ‘strong momentum’ Cardinal Health (NYSE:) reported better-than-expected FQ4 results today. Adjusted came in at $1.55, marking a notable increase compared to $1.05 in the previous year, and surpassing the expected $1.49. Adjusted operating income totaled $560 million, a 24% increase year over year, exceeding<\/p>\n","protected":false},"author":1,"featured_media":8716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-11894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nCardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=11894\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isafespend.com\/?p=11894\" \/>\n<meta property=\"og:site_name\" content=\"iSafeSpend\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-15T12:34:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-15T12:34:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/LYNXMPEDAF0IH_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/isafespend.com\/?p=11894#article\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/?p=11894\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\"},\"headline\":\"Cardinal Health tops earnings estimates, raises guidance on ‘strong momentum’\",\"datePublished\":\"2023-08-15T12:34:02+00:00\",\"dateModified\":\"2023-08-15T12:34:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/isafespend.com\/?p=11894\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/isafespend.com\/?p=11894#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/isafespend.com\/?p=11894\",\"url\":\"https:\/\/isafespend.com\/?p=11894\",\"name\":\"Cardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/#website\"},\"datePublished\":\"2023-08-15T12:34:02+00:00\",\"dateModified\":\"2023-08-15T12:34:03+00:00\",\"description\":\"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4\",\"breadcrumb\":{\"@id\":\"https:\/\/isafespend.com\/?p=11894#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/isafespend.com\/?p=11894\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/isafespend.com\/?p=11894#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/isafespend.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cardinal Health tops earnings estimates, raises guidance on ‘strong momentum’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/isafespend.com\/#website\",\"url\":\"https:\/\/isafespend.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/isafespend.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/isafespend.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/isafespend.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/isafespend.com\"],\"url\":\"https:\/\/isafespend.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend","description":"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/isafespend.com\/?p=11894","og_locale":"en_US","og_type":"article","og_title":"Cardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend","og_description":"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4","og_url":"https:\/\/isafespend.com\/?p=11894","og_site_name":"iSafeSpend","article_published_time":"2023-08-15T12:34:02+00:00","article_modified_time":"2023-08-15T12:34:03+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/LYNXMPEDAF0IH_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/isafespend.com\/?p=11894#article","isPartOf":{"@id":"https:\/\/isafespend.com\/?p=11894"},"author":{"name":"News Room","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf"},"headline":"Cardinal Health tops earnings estimates, raises guidance on ‘strong momentum’","datePublished":"2023-08-15T12:34:02+00:00","dateModified":"2023-08-15T12:34:03+00:00","mainEntityOfPage":{"@id":"https:\/\/isafespend.com\/?p=11894"},"wordCount":193,"commentCount":0,"publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/isafespend.com\/?p=11894#respond"]}]},{"@type":"WebPage","@id":"https:\/\/isafespend.com\/?p=11894","url":"https:\/\/isafespend.com\/?p=11894","name":"Cardinal Health tops earnings estimates, raises guidance on 'strong momentum' | iSafeSpend","isPartOf":{"@id":"https:\/\/isafespend.com\/#website"},"datePublished":"2023-08-15T12:34:02+00:00","dateModified":"2023-08-15T12:34:03+00:00","description":"\u00a9 Reuters. Cardinal Health (CAH) tops earnings estimates, raises guidance on 'strong momentum' Cardinal Health (NYSE:) reported better-than-expected FQ4","breadcrumb":{"@id":"https:\/\/isafespend.com\/?p=11894#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/isafespend.com\/?p=11894"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/isafespend.com\/?p=11894#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/isafespend.com\/"},{"@type":"ListItem","position":2,"name":"Cardinal Health tops earnings estimates, raises guidance on ‘strong momentum’"}]},{"@type":"WebSite","@id":"https:\/\/isafespend.com\/#website","url":"https:\/\/isafespend.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/isafespend.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/isafespend.com\/#organization","name":"Solutions For Real","url":"https:\/\/isafespend.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/person\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/isafespend.com"],"url":"https:\/\/isafespend.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/11894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11894"}],"version-history":[{"count":1,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/11894\/revisions"}],"predecessor-version":[{"id":11895,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/11894\/revisions\/11895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/media\/8716"}],"wp:attachment":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}