Cardinal Health hits record high on raised 2025 profit forecast
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Shares of drug distributor Cardinal Health CAH.N rise 3.4% to record high of $158.78
Co raises 2025 adj. profit forecast to $8.15 to $8.20 per share, compared to previous range of $8.05 to $8.15 per share
Analysts were expecting 2025 adj. EPS to be $8.13 - data compiled by LSEG
Co also announced preliminary FY26 adj. profit forecast of $9.10 to $9.30 per share vs analysts' est. of $9.12 per share
Brokerage Leerink Partners said co's forecast was achievable and supported its durable long-term growth
Co plans to invest at least $600 million per year in capital expenditures across its businesses
Up to last close, stock up 29.8% YTD
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