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Cardinal Health's stock surges after earnings, revenue rise above expectationsShares of Cardinal Health Inc. rallied 2.9% in premarket trade Thursday after the healthcare services company reported fiscal first-quarter profit and revenue that rose above expectations, boosted by strength in its pharmaceuticals business. Net income rose to $593 million, or $1.94 a share, from $115 million, or 36 cents a share, in the same period a year ago, with the naviHealth divestiture resulting in a gain of $503 million. Excluding non-recurring items, adjusted earnings per share came to $1.29, above the FactSet consensus of $1.08. Revenue increased 8% to $35.2 billion, beating the FactSet consensus of $33.7 billion. Pharmaceutical segment revenue grew 9% to $31.4 billion, well above the FactSet consensus of $29.8 billion. The company affirmed its 2019 adjusted EPS outlook of $4.90 to $5.15, which surrounds the FactSet consensus of $4.99. The stock has rallied 9.6% over the past three months through Wednesday, while the SPDR Health Care Select Sector ETF has gained 3.4% and the S&P 500 has slipped 1.5%.
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GE's stock jumps after earnings missed, but revenue rose above expectations
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UPS's stock surges after earnings rises above expectations
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Honeywell's stock jumps after earnings beat expectations, sales meetShares of Honeywell International ran up 3.2% in premarket trade Friday, after the diversified industrial company reported third-quarter earnings that beat expectations, as revenue met. Net income rose to $2.34 billion, or $3.11 a share, from $1.35 billion, or $1.74 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $2.03, above the FactSet consensus of $1.99. Sales increased to $10.76 billion from $10.12 billion, matching the FactSet consensus, as better-than-expected aerospace and safety and productivity solutions sales offset home and building technologies and performance materials sales that were slightly below forecasts. The company lowered its 2018 outlook, to reflect the spinoff of Garrett Motion Inc. . Honeywell expects 2018 adjusted EPS of $7.95 to $8.00, down from previous guidance of $8.10 to $8.20, while the sales outlook was lowered to $41.7 billion to $41.8 billion from $43.1 billion to $43.6 billion. Thes tock has gained 2.3% year to date through Thursday, while the Dow Jones Industrial Average has advanced 2.7%.
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Intel stock rallies on raised outlook, earnings beat for server and PC salesIntel Corp.’s beleaguered shares rallied in the extended session Thursday after the chip giant raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments.
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Stocks rise in afternoon trading, buoyed by oil rally and strong holiday retail salesStocks rose Wednesday trading, two days after the Standard & Poor’s 500 teetered on the brink of bear territory. Expected Ya, this is all for real... Christmas consumerism saved us all! Truly a miracle
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