Cardinal Health Lower

Nike expects higher first-quarter earnings; Myogen slips on news of failed drug trials; plus more of Monday's stocks in the news

Cardinal Health (CAH ) expects fiscal 2005 earnings per share to reach the upper half of previous $3.10 to $3.20 (excluding items) range. The company sees $3.30 to $3.50 fiscal 2006 earnings per share (excluding items) and sets a $1 billion stock buyback. It doubles its annual dividend to 24 cents.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.