Summary by Moomoo AI
On January 9, 2024, Cardinal Health, Inc. released a news update announcing significant progress in its ongoing business and portfolio review. The company has updated its fiscal year 2024 non-GAAP diluted earnings per share (EPS) outlook, now expecting to reach the higher end of the $6.75 to $7.00 range. This positive adjustment is primarily attributed to favorable conditions in Interest and Other and Diluted Weighted Average Shares Outstanding, bolstered by strong cash flow and an additional $250 million share repurchase in Q2 of fiscal 2024. Cardinal Health also provided an update on its Medical segment profit for the quarter ending December 31, 2023, and detailed its new enterprise operating and segment reporting structure, which will be reflected in financial reports starting in the third quarter of fiscal 2024. The company...Show More
