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BUZZ - Cardinal Health shares surge due to CVS distribution agreement extension

BUZZ - Cardinal Health shares surge due to CVS distribution agreement extension

路透社路透社2026/10/01 13:56
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- ** Healthcare services company Cardinal Health CAH.N shares rose 3.8% to $231.13

** The company (link) signed a binding letter of intent with healthcare company CVS Health CVS.N to extend the pharmaceutical distribution agreement until June 2032

** The agreement will maintain Cardinal Health’s existing distribution services for CVS Health

** The company reaffirmed its target for adjusted earnings per share (EPS) growth in fiscal year 2027 at 13%-15%, expecting EPS to be $12.40-$12.60

** Cardinal Health also reaffirmed its long-term target for adjusted EPS growth at 12%-14%

** Cardinal Health shares have risen nearly 14% so far this year


(To assist non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be incorrect or lack needed context, and Reuters does not guarantee the accuracy of translated texts. Automated translations are provided for reader convenience only. Reuters accepts no responsibility for any damages or losses arising from the use of this automated translation function.)

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