Monday, November 6, 2017

Cardinal Health Q1 Adj. Profit Beats View; Names Mike Kaufmann As CEO

Healthcare services provider Cardinal Health Inc. on Monday reported a 63 percent decline in profit for the first quarter from last year as higher revenues were more than offset by restructuring costs as well as increased amortization of acquisition-related intangible assets due to the Patient Recovery business acquisition. However, adjusted earnings per share beat analysts' expectations.

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