Cardinal Health falls after Q4 revenue miss, $1.9 billion deal to buy Solaris Health

Shares of drug distributor Cardinal Health CAH.N fall as much as 11.75% to over a 3-month low of $137.91

Stock set for biggest single-day percentage drop since August 2021

CAH posts Q4 revenue of $60.2 billion, below analysts' estimates of $60.8 billion - data compiled by LSEG

Reports Q4 adj. profit of $2.08 per share, compared with analysts' estimates of $2.04 per share

*Separately, co says it will acquire Solaris Health for about $1.9 billion in cash to expand its specialty business

CAH raises its 2026 profit per share forecast to a range of $9.30 to $9.50, from its prior range between $9.10 and $9.30

*Brokerage Leerink Partners says "it is hard to fully frame this quarter/guidance increase given what was lofty expectations"

"In a vacuum, seeing the guidance increase alone would likely have been more than enough for the stock, but the Pharma EBIT results likely offset that at first glance," it says

Including session moves, stock up 18.5% YTD