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Cardinal Health rises on 2027 profit forecast lift

By Reuters News3 hours ago Updated

** Shares of US drug distributor Cardinal Health CAH.N rise 2.7% to $269 premarket

** Co raises 2027 profit forecast to a range of $12.80 to $13.00 per share on an adjusted basis, compared to a previous projection of $12.40 to $12.60

** CAH reports Q1 rev of $67.51 billion, vs est of $66.59 billion, according to LSEG-compiled data

** Company posts adjusted profit of $3.26 per share in Q1, compared with estimates of $2.94 per share

** As of last close, CAH stock was up 27% YTD

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