Cardinal Health reported net revenues of $32.6 billion in the first quarter of fiscal year 2018.
Here's what you should know:
1. Cardinal Health's revenues increased 2 percent, year-over-year.
2. Despite increased revenues, Cardinal Health's operating earnings decreased 51 percent year-over-year to $262 million, and its non-adjusted earnings decreased 9 percent year-over-year to $610 million.
3. The company's adjusted earnings per share decreased 63 percent year-over-year to $0.36 EPS, while non-adjusted earnings decreased 12 percent year-over-year to $1.09 EPS.
4. Cardinal Health's CEO George Barrett said in a release, "Fiscal year 2018 started largely as we expected and included strong performance from many of our business lines across the segments. With one quarter behind us, we remain comfortable with our full-year guidance."
5. The company expects non-adjusted earnings per share between $4.85 and $5.10 for fiscal year 2018.