Group 1 - Cardinal Health's stock increased by over 15% following a strong quarterly earnings release, outperforming the S&P 500 which closed 1% lower [1] - For fiscal Q1 2026, Cardinal Health reported a 22% year-over-year revenue increase to $64 billion, with non-GAAP net income rising 37% to $857 million, or $2.55 per share [2][3] - The company's revenue and earnings significantly exceeded analyst expectations, with revenue projections around $59 million and non-GAAP net income estimates at $2.19 per share [3] Group 2 - Cardinal Health raised its full-year fiscal 2026 guidance for adjusted earnings per share to a range of $9.65 to $9.85, reflecting at least 17% year-over-year growth, up from a previous forecast of $9.30 to $9.50 [4] - The company also increased its estimated adjusted free cash flow to $3 billion to $3.5 billion, compared to the prior guidance of $2.75 billion to $3.25 billion [4]
Why Cardinal Health Stock Triumphed on Thursday