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Cardinal Eclipses Zacks Estimate – Analyst Blog

Zacks Market Commentaries (November 5th, 2009) Writes:
Cardinal Health (CAH) reported fiscal first-quarter earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 43 cents and the year-ago earnings of 47 cents.   Sales   Total sales in the reported quarter increased 6% year over year to $24.8 billion. Growth was witnessed across all the business segments.   Pharmaceutical segment revenues increased 5% year over year to $22.6 billion. Growth was primarily due to higher sales to existing pharmaceutical distribution customers. Sales to bulk customers increased 6% year over year to $11.3 billion. Sales to non-bulk customers increased 5% year over year to $11.2 billion.   Medical segment revenues increased 10% year over year to $2.2 billion. Growth can be primarily attributed to higher sales to existing customers. In addition, the CareFusion Corp. (CFN) spin-off has resulted in immediate revenue recognition from international sales to CareFusion.   Margins   Cardinal Health ...

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