STOCK TITAN

Cardinal Health, Inc. - CAH STOCK NEWS

Welcome to our dedicated news page for Cardinal Health (Ticker: CAH), a resource for investors and traders seeking the latest updates and insights on Cardinal Health.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cardinal Health's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cardinal Health's position in the market.

Rhea-AI Summary
Cardinal Health reported fourth quarter fiscal year 2023 revenues of $53.5 billion, a 13% increase from the previous year. GAAP operating earnings were $137 million, while non-GAAP operating earnings increased 24% to $560 million. The Pharmaceutical segment profit increased 12% to $504 million, and the Medical segment profit increased to $82 million. The company generated operating cash flow and non-GAAP adjusted free cash flow of $2.8 billion and returned over $2.5 billion to shareholders in fiscal year 2023. The fiscal year 2024 non-GAAP EPS guidance was raised to $6.50 to $6.75.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
management dividends
-
Rhea-AI Summary
Transaction Data Systems (TDS) has completed its merger with Outcomes, expanding clinical opportunities for patient engagement to its nationwide pharmacy network of 48,000 locations. The combined company, named Outcomes, will offer a full suite of patient engagement, clinical, and pharmacy workflow solutions. Cardinal Health will hold a minority stake in the company, and Debbie Weitzman, Cardinal Health's CEO of its pharmaceutical segment, will join the board of directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
Rhea-AI Summary
Cardinal Health (NYSE: CAH) will release its Q4 and year-end financial results for fiscal year 2023 on August 15. A webcast discussing the results will be available on Cardinal Health's Investor Relations page. No access code is required.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
partnership acquisition
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
management dividends
Cardinal Health, Inc.

NYSE:CAH

CAH Rankings

CAH Stock Data

25.56B
241.94M
0.58%
90.15%
3.72%
Drugs and Druggists' Sundries Merchant Wholesalers
Wholesale Trade
Link
US
Dublin

About CAH

cardinal health, inc. (nyse: cah), is a global integrated healthcare services and products company, providing customized solutions for hospital systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide. the company provides clinically-proven medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. cardinal health connects patients, providers, payers, pharmacists and manufacturers for integrated care coordination and better patient management. backed by nearly 100 years of experience, with more than 37,000 employees in nearly 60 countries, cardinal health ranks among the top 25 on the fortune 500. for more information, visit cardinalhealth.com, follow @cardinalhealth on twitter.