Cardinal Health posted adjusted earnings of $1.31 a share last quarter, and its stock value has been on the rise because of it, increasing 7.5 percent over the last month, Zacks reports.
Here's what you should know.
1. Cardinal Health posted $35.19 billion in year-over-year revenues for 2017, an increase of 6.1 percent.
2. The company's medical segment specifically increased 18.6 percent year over year in 2017 to post $31.6 billion in revenues.
3. Cardinal also authorized a share repurchasing program of up to $1 billion of the company's common shares, which will expire Dec. 31, 2020.
4. Zacks analysts believe the growth is somewhat sustainable attaching a 'B' rating to the company. The report said, "The company's stock is suitable for value and momentum investors."