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Cardinal Health lowers expectations for medical segment due to inflation, supply chain

Cardinal Health (CAH) said Monday the impact of inflation and supply chain disruptions will reduce its fiscal 2022 medical segment unit profit by $150 million to $175 million. Cardinal Health now expects fiscal year 2022 profit that's 40 cents to 45 cents below its earlier expectations. Wall Street analysts currently expect fiscal 2022 earnings of $5.57 a share. Excluding the impact to the medical segment, the company's other financial expectations for fiscal year 2022 remain unchanged. Shares of Cardinal Health fell 2.3% in premarket trades.

-Steve Gelsi

 

(END) Dow Jones Newswires

01-10-22 0716ET

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