Cardinal Health Meets Analysts' First-Quarter Estimates - TheStreet

Cardinal Health

(CAH) - Get Report

posted first-quarter earnings that were in line with analysts' expectations.

The pharmaceutical distributor reported first-quarter earnings of $184 million, or 65 cents a diluted share, meeting the 17-analyst

First Call/Thomson Financial

consensus estimate. The company earned $152 million, or 53 cents a share, for the same period a year ago. The latest first-quarter earnings exclude merger costs.

Total revenue, including bulk deliveries to customer warehouses, rose to $8.73 billion from $6.78 billion the previous year.

Cardinal was met with a downgrade from

Goldman Sachs

to market outperform and was removed from the firm's recommended list.

Shares of Cardinal Health were recently down $5.38, or 5.7%, to $89.50 on the

New York Stock Exchange

.