By Allison Prang

Cardinal Health Inc.'s (CAH) profit rose as the company's year-earlier results were affected by a goodwill impairment with its medical division.

Cardinal Health's fourth-quarter profit was $194 million, compared with a $1.17 billion loss in the comparable quarter a year prior. Earnings were 65 cents a share, compared with a loss of $3.76 a share.

Adjusted earnings were $1.11 a share up from $1.01 a share. Analysts polled by FactSet were expecting 93 cents a share.

Revenue was $37.35 billion, up 5.7%. Analysts were expecting $36.81 billion.

Cardinal Health had a $1.35 billion goodwill impairment for the company's medical division in the comparable quarter a year prior.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

August 08, 2019 07:31 ET (11:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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