Cardinal Health posts qtly profit vs year-ago loss
CHICAGO, May 1 (Reuters) - Cardinal Health Inc (CAH.N: Quote, Profile, Research) reported a quarterly net profit versus a year-ago loss on Thursday, after it took a big charge to resolve class-action securities litigation.
Third-quarter net earnings were $366 million, or $1.02 per share, compared with a loss of $5 million, or 1 cent per share, in the year-ago period.
The average estimate on Wall Street was for a profit of $1.00 per share, according to Reuters Estimates. (Reporting by Debra Sherman, editing by Mark Porter)
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