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CAH Cardinal Health Inc

99.25
-3.73 (-3.62%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cardinal Health Inc NYSE:CAH NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.73 -3.62% 99.25 102.26 98.24 101.68 3,445,968 01:00:00

Cardinal Health Expects to Record Most of Between $120 Million-$145 in Restructuring Charges in FY20

08/08/2019 12:53pm

Dow Jones News


Cardinal Health (NYSE:CAH)
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From May 2019 to May 2024

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By Allison Prang

 

Cardinal Health Inc. (CAH) is guiding to have restructuring charges between $120 million and $145 million as part of cost-savings efforts, and said the bulk of those should be recorded in the current fiscal year.

The company expects adjusted earnings to be between $4.85 a share and $5.10 a share for the fiscal year. Analysts polled by FactSet are expecting $5.09 a share.

Cardinal Health said an expected incremental $130 million in cost savings from attempts to simplify the company are included in its expectations for the current fiscal year.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

August 08, 2019 07:38 ET (11:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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