Cardinal Health lifts annual profit outlook on strength in specialty medicines unit https://t.co/5TflTlEQFT https://t.co/kv6rpeVSsK
Cardinal Health raised its fiscal 2025 adjusted profit forecast on Friday as strong demand for costly specialty medicines and branded drugs drove sales at its pharmaceuticals unit, sending shares of the company up nearly 7%. https://t.co/d9jM63KkpA https://t.co/d9jM63KkpA
$CAH (+3.8% pre) Cardinal Health stock and rivals gain on Q1 beat - SA https://t.co/PVGxK9xgJn

Cardinal Health reported its first quarter fiscal year 2025 results, exceeding earnings expectations and raising its fiscal year 2025 outlook. The company announced an adjusted earnings per share (EPS) of $1.88, surpassing the estimate of $1.62, with revenues of $52.28 billion, exceeding the anticipated $50.89 billion. Cardinal Health expects its fiscal year adjusted EPS to range between $7.75 and $7.90, and anticipates adjusted EBITDA for 2025 to be between $1.175 billion and $1.225 billion. The strong performance was attributed to increased demand for specialty medicines and branded drugs, leading to a nearly 7% rise in the company's stock price following the announcement.