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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Cardinal Health, Inc. Investors (CAH)

Cardinal Health, Inc. (CAH) 
Last cardinal health, inc. earnings: 2/6 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.cardinalhealth.com/home
Company Research Source: Business Wire
Shareholders with $500,000 in losses or more are encouraged to contact the firm BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Cardinal Health, Inc. (“Cardinal Health” or the “Company”) (NYSE: CAH) investors concerning the Company and its officers’ possible violations of federal securities laws.On August 2, 2017, Cardinal Health announced low earnings for its fourth quarter and fiscal year 2017, along with lowering its earnings guidance for fiscal year 2018 due to “higher-than-planned write-offs for excess inventory” at Cordis, which the Company had purchased in March 2015 from Johnson & Johnson.On this news, Cardinal Health’s share price fell $6.34 per share, or over 8%, to close at $70.99 on August 2, 2017, thereby injuring investors.Then, on May 3, 2018, the Company reported negative results for third quarter 2018 due to the “disappointing performance from [its] Cordis business.” Cardinal Health disclosed additional write-o Show less Read more
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