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cardinal health Q1 2009 Earnings Transcript
- Cardinal Health reported financial results for Q1 2009 with overall double-digit revenue and profit growth. Revenue increased 11% to $24.3 billion while operating earnings decreased 6% to $482 million. - Earnings from continuing operations decreased 16% to $268 million due to weaker performance from HSCS, increased interest and other expenses, and a higher tax rate. - HSCS revenue increased 11% to $23.4 billion due to strong growth across medical and pharmaceutical businesses. However, segment profit decreased 16% due to previously announced customer repricing. - CMP revenue increased 12% to due to product installations, international growth, and acquisitions. Segment profit increased 15% due to
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