Cardinal Health profit beats market estimates as margins improve

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Cardinal Health profit beats market estimates as margins improve

(Reuters) - Cardinal Health Inc reported an adjusted quarterly profit that beat market estimates due to margin expansion in its wholesale drug and medical supply businesses. The Dublin, Ohio-based company forecast earnings, excluding one-time items, of $3.45 to $3.60 per share for the full fiscal year. Analysts were expecting earnings of $3.55 per share. The company posted a net loss of $586 million, or $1.72 per share, for the fourth quarter ended June 30 compared with a profit of $236 million, or 68 cents per share, a year earlier. ...

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