Cardinal Health hits record high after forecasting annual profit above estimates

Cardinal Health

11/08/2026 14:42

Updates
** Shares of drug distributor Cardinal Health CAH.N rise ~7% to a record high of $256.25
** Co sees annual adjusted profit of $12.40-$12.60/shr vs analysts' average estimate of $12.04/shr — LSEG data
** Co reports Q4 adj. profit of $2.91/shr vs analysts' average estimate of $2.42/shr — LSEG data
** Co's quarterly revenue of $63.70 billion misses analysts' average expectation of $65.03 billion
** Leerink Partners analyst Michael Cherny says Cardinal's FY2027 profit forecast came in "comfortably" above consensus and shows a path for "ongoing momentum"; maintains "Outperform" rating on the stock
** Including session's move, stock up ~22% YTD
  

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))