Cardinal Health Reaffirms FY23 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Friday, healthcare services company Cardinal Health, Inc. (CAH) reaffirmed its adjusted earnings guidance for the full-year 2023 in the range of $5.05 to $5.40 per share.

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $5.24 per share for the year. Analysts' estimates typically exclude special items.

The company noted that this guidance includes an update to Medical segment profit outlook to flat to 20% decline, from 10% growth to 10% decline, which reflects the impact of the previously announced simplification actions.

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