Cardinal Health reports Q2 results, raises outlook

DUBLIN, Ohio A healthcare services company Wednesday reported positive second-quarter results.

Despite a near 26% drop in net income to $234.5 million, or 65 cents per share, sales increased to $24.9 million versus the year-earlier $24.1 billion.

Last year's figures include results from CareFusion Corp., which has since been spun off from Cardinal.

The company also raised its full-year earnings outlook from a range of $1.90 to $2, to $2.08 to $2.18 a share.

“We are encouraged by our performance in the second quarter and in the first half of our fiscal year,” said George Barrett, chairman and CEO Cardinal Health. “These results reflect excellent progress on our key initiatives and customer focus across our businesses, as well as the benefit from external factors that were more pronounced than we had anticipated. Our medical segment has had particularly strong year-over-year growth, and our pharmaceutical segment continued its momentum, performing considerably better than we expected in the second quarter.”