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Cardinal Health raises FY24 EPS view to $6.75-$7.00 from $6.50-$6.75

Cardinal Health raises FY24 EPS view to $6.75-$7.00 from $6.50-$6.75

Consensus $6.72. The company said, “The company raised its fiscal 2024 guidance range for non-GAAP diluted earnings per share attributable to Cardinal Health, Inc. to $6.75 to $7.00, from $6.50 to $6.75. This guidance includes an update to the company’s Pharmaceutical segment profit outlook for fiscal 2024 to 7% to 9% growth, from 4% to 6% growth. Additionally, the company updated expectations for interest and other to $100 million to $120 million, from $110 million to $130 million, and for diluted weighted average shares outstanding of approximately 249 million, from 250 million to 253 million.”

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