Cardinal Health Promotes CFO Jason Hollar To Succeed Mike Kaufmann As CEO

Cardinal Health Lifts FY24 View Above Market After Profit In Q4, Plans Buyback; Stock Up

Shares of Cardinal Health, Inc. were gaining more than 7 percent in the pre-market activity on the NYSE after the healthcare company on Wednesday raised its fiscal 2024 adjusted earnings forecast above the market after reporting a profit in its fourth quarter, compared to prior year's loss. The improved results reflected strong revenues from both segments.

RTTNews | Před 267 dny

Cardinal Health Recalls Certain LEADER Brand Eye Drops

Cardinal Health, Inc. is recalling certain Leader branded eye drops supplied by Velocity Pharma, LLC citing potential risk of eye infections, according to the US. Food and Drug Administration. The recall was initiated after the FDA informed the Dublin, Ohio-based company that investigators found insanitary conditions in the manufacturing facility and positive bacterial test results...

RTTNews | Před 553 dny

Cardinal Health To Merge Outcomes Business To Transaction Data Systems

Cardinal Health, Inc. (CAH) announced Monday it has signed a definitive agreement to merge its Outcomes business to Transaction Data Systems (TDS), a portfolio company of BlackRock Long Term Private Capital and GTCR, in exchange for a minority stake in the combined entity.

RTTNews | Před 703 dny

Cardinal Health Canada To Open New Distribution Center In Greater Toronto Area

Cardinal Health Canada, Inc., a wholly owned subsidiary of Cardinal Health, Inc. (CAH), announced Wednesday plans to open a new distribution center in the Greater Toronto Area (GTA).

RTTNews | Před 729 dny

Cardinal Health Appoints Aaron Alt As New CFO

Cardinal Health (CAH) and its board of directors announced Monday that Aaron Alt will become the company's new chief financial officer (CFO). Alt will succeed interim CFO, Trish English and will report to CEO Jason Hollar, as a member of the company's Executive Committee effective February 10.

RTTNews | Před 871 dny

Cardinal Health Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Friday, healthcare services company Cardinal Health, Inc. (CAH) reaffirmed its adjusted earnings guidance for the full-year 2023 in the range of $5.05 to $5.40 per share.

RTTNews | Před 916 dny

U.S. Weekly Jobless Claims Dip Slightly More Than Expected

First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | Před 8 minutami

Bank Of England Cuts Key Rate By 25 Bps Amid Trade Tariff Concerns

The Bank of England reduced its interest rate by a quarter-point on Thursday, as policymakers judged that higher trade tariffs warrant such action amid slowing inflation. In a three-way split, the Monetary Policy Committee, governed by Andrew Bailey, lowered the bank rate to 4.25 percent. This was the fourth such reduction since last August.

RTTNews | Před 9 minutami

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Cardinal Health Promotes CFO Jason Hollar To Succeed Mike Kaufmann As CEO