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Cardinal Health (CAH): Q1 2020 Earnings Snapshot

—  Cardinal Health (NYSE: CAH) reported first-quarter 2020 earnings of $1.27 per share, vs. $1.09 per share expected.

— Total revenue rose 6% to $37.3 billion, vs. $36.75 billion expected.

— Reaffirms fiscal year 2020 guidance range for non-GAAP EPS of $4.85 – $5.10.

—  Agrees to resolve all pending and potential opioid lawsuits by states and political subdivisions, which includes payment of up to $5.56 billion over 18 years.

— CAH shares were up 4% immediately following the announcement.

Cardinal Health Q1 2020 Earnings Infographic

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