Yahoo Finance Cardinal Health Third Quarter 2024 Earnings: Misses Expectations
Cardinal Health (NYSE:CAH) Third Quarter 2024 Results
Key Financial Results
Revenue: US$54.9b (up 8.8% from 3Q 2023).
Net income: US$258.0m (down 25% from 3Q 2023).
Profit margin: 0.5% (down from 0.7% in 3Q 2023).
EPS: US$1.06 (down from US$1.35 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cardinal Health Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Cardinal Health that you should be aware of.
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