1/14/2009

Amid a slowdown in hospital spending, medical supplier Cardinal Health lowered its earnings guidance for fiscal 2009, forecasting a profit of $3.50 to $3.60 per share versus a previous estimate of $3.80 to $3.95 per share. "It is difficult to forecast the exact duration and potential long-term changes in hospital spending patterns, but the company is taking appropriate cost actions to mitigate the impact," said R. Kerry Clark, chairman of Cardinal Health.

Related Summaries