Cardinal: Fiscal Q4 Earnings Snapshot

DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Wednesday reported fiscal fourth-quarter net income of $235 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dublin, Ohio-based company said it had profit of 96 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.84 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The prescription drug distributor posted revenue of $59.87 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $58.72 billion.