Cardinal: Fiscal Q1 Earnings Snapshot

DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Thursday reported fiscal first-quarter net income of $554 million.

On a per-share basis, the Dublin, Ohio-based company said it had net income of $2.38. Earnings, adjusted for one-time gains and costs, were $3.26 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.

The prescription drug distributor posted revenue of $67.51 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $66.96 billion.

Cardinal expects full-year earnings in the range of $12.80 to $13 per share.

Cardinal shares have climbed 27% since the beginning of the year, while the S&P's 500 index has risen 12%. The stock has risen 34% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAH at https://www.zacks.com/ap/CAH