— 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.
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