Cardinal Health Inc Q3 adjusted earnings Miss Estimates

(RTTNews) - Cardinal Health Inc (CAH) revealed earnings for third quarter that declined from the same period last year.

The company's bottom line came in at $255 million, or $0.81 per share. This compares with $381 million, or $1.20 per share, in last year's third quarter.

Excluding items, Cardinal Health Inc reported adjusted earnings of $437 million or $1.39 per share for the period.

Analysts had expected the company to earn $1.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.7% to $33.6 billion from $31.8 billion last year.

Cardinal Health Inc earnings at a glance:

-Earnings (Q3): $437 Mln. vs. $485 Mln. last year. -EPS (Q3): $1.39 vs. $1.53 last year. -Analysts Estimate: $1.51 -Revenue (Q3): $33.6 Bln vs. $31.8 Bln last year.

-Guidance: Full year EPS guidance: $4.85-$4.95