May 3, 2018 / 11:03 AM / 5 months ago

Drug distributor Cardinal Health's quarterly profit falls 33 pct

May 3 (Reuters) - U.S. drug distributor Cardinal Health Inc posted a 33 percent fall in quarterly profit on Thursday, hurt by a change in the company's effective tax rate primarily associated with its Cordis business.

Net earnings attributable to the company fell to $255 million, or $0.81 per share, in the third quarter, from $381 million, or $1.20 per share, a year earlier.

Revenue rose 5.7 percent to $33.63 billion. (Reporting by Manas Mishra in Bengaluru; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below