Cardinal Health rises on 2027 profit forecast lift

Cardinal Health

Thu 13:09

** Shares of US drug distributor Cardinal Health  CAH.N rise 2.7% to $269 premarket
** Co raises 2027 profit forecast to a range of $12.80 to $13.00  per share on an adjusted basis, compared to a previous projection of $12.40 to $12.60
** CAH reports Q1 rev of $67.51 billion, vs est of $66.59 billion, according to LSEG-compiled data 
** Company posts adjusted profit of $3.26 per share in Q1, compared with estimates of $2.94 per share
** As of last close, CAH stock was up 27% YTD 

(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))