Why Cardinal Health Stock Triumphed on Thursday

One of the higher-flying birds in the healthcare space Thursday was the stock of Cardinal Health (NYSE: CAH). It soared by over 15% in value, thanks largely to a quarterly earnings release that was very pleasing to investors. Cardinal Health did far better that day than the benchmark S&P 500 (SNPINDEX: ^GSPC); the closely followed indicator closed the day 1% lower. For its fiscal first quarter of 2026, Cardinal Health managed to boost its revenue by 22% year over year to $64 billion. The healthcare services provider did even better on the bottom line, with net income not according to generally accepted accounting principles (GAAP) zooming 37% higher to $857 million, or $2.55 per share. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool