Cardinal HealthNYSE: CAH

On Friday, Cardinal Health (CAH) shares reached a record high during the day after the healthcare products company reported results that exceeded expectations and improved its forecast, despite facing financial losses from the conclusion of a major contract.

In the first quarter of fiscal 2025, Cardinal Health saw strong growth in its Pharmaceutical and Specialty Solutions sectors. However, the expiration of the OptumRx contract negatively impacted sales.

Cardinal Health (CAH) reported quarterly earnings of $1.88 per share, which is higher than the Zacks Consensus Estimate of $1.64 per share. This is an increase compared to earnings of $1.73 per share from the same period last year.

On Friday, Cardinal Health increased its profit forecast for 2025 due to high demand for expensive specialty and branded medications, which boosted sales in its pharmaceuticals division. As a result, the company's shares rose by almost 4% in premarket trading.

Cardinal Health, Inc. (NYSE:CAH) will hold its Q1 2025 Earnings Conference Call on November 1, 2024, at 8:30 AM ET. The call will feature company representatives including Matt Sims, Jason Hollar, and Aaron Alt, along with participants from various financial institutions. The event will be coordinated by George, who will guide the discussion.

A new distribution center has opened in Boylston, Massachusetts, which will enhance Cardinal Health's warehouse capacity and specialized handling abilities. This facility will serve healthcare customers in several states, including Massachusetts and New Hampshire, offering improved operations and increased capacity. It is set to be fully operational by early 2025.

Instead of just focusing on Wall Street's predictions for Cardinal (CAH), let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential.

In the latest trading session, Cardinal Health (CAH) finished at $110.87, showing a slight decrease of 0.02% compared to the day before.

Cardinal Health, Inc. (CAH) is set to announce its financial results for the first quarter of fiscal year 2025 on November 1, before the market opens.