Cardinal Health Announces Earnings

Cardinal Health (CAH) announced that second fiscal quarter 2013 earnings were 93 cents per share, beating estimates of 85 cents per share. The company earned 81 cents per share in the same period last year. Net earnings were $303 million, or 88 cents per share, up 16% from last year. Revenue was $25.232 billion, down by seven percent year over year, but beating estimates of $24.598 million. The decline was mainly due to brand to generic conversions, as well as the expiration of the contract with...