Why Cardinal Health Stock Triumphed on Thursday
One of the higher-flying birds in the healthcare space Thursday was the stock of Cardinal Health (NYSE: CAH). It soared by over 15% in value, thanks largely to a quarterly earnings release that was very pleasing to investors. Cardinal Health did far better that day than the benchmark S 500 (SNPINDEX: ^GSPC); the closely followed indicator closed the day 1% lower.
For its fiscal first quarter of 2026, Cardinal Health managed to boost its revenue by 22% year over year to $64 billion. The healthcare services provider did even better on the bottom line, with net income not according to generally accepted accounting principles (GAAP) zooming 37% higher to $857 million, or $2.55 per share.
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Source Fool.com
