Cardinal Health's stock rises in range of a record after upbeat profit outlook

Shares of Cardinal Health Inc. CAH, -0.52% rallied 1.7% in premarket trading Tuesday, after the drug distributor said it expects fiscal 2024 earnings to be at the high-end of previous guidance. The stock was on track to open at the highest price seen since it closed at a record $108.05 on Dec. 13. The company added that while a review of its businesses remains “active and ongoing,” it has already determined that it would further develop its growth businesses in its Medical Segment, at-Home Solutions and Op ...