Cardinal Health Inc. CAH said Thursday it swung to a second-quarter loss of $130 million, or 50 cents a share, from a profit of $49 million, or 17 cent a share in the year-ago quarter. The company reported adjusted net income of $1.32 a share, ahead of the Wall Street forecast of $1.14 a share, according to estimates compiled by FactSet. Revenue increased by 13% to $51.5 billion, ahead of the analyst estimate of $50.72 billion.
CAH said Thursday it swung to a second-quarter loss of $130 million, or 50 cents a share, from a profit of $49 million, or 17 cent a share in the year-ago quarter. The company reported adjusted net income of $1.32 a share, ahead of the Wall Street forecast of $1.14 a share, according to estimates compiled by FactSet. Revenue increased by 13% to $51.5 billion, ahead of the analyst estimate of $50.72 billion.