UPDATE: Cardinal Health Posts Upbeat FQ4 Results

Cardinal Health

posted a loss in the fiscal fourth quarter. Cardinal Health posted a quarterly loss of $586 million, or $1.72 per share, versus a year-ago profit of $236 million, or $0.68 per share. Excluding one-time items, its adjusted earnings from continuing operations climbed to $0.79 from $0.73 per share. Its revenue fell 5% to $25.42 billion. However, analysts were expecting earnings of $0.77 per share on revenue of $24.56 billion. Cardinal Health's gross margin widened to 4.9% from 4.2%. Cardinal Health shares closed at $50.09 yesterday.