Cardinal Financial Corporation (CFNL) stock prices updated...
 

Cardinal Financial Corporation stock price

Cardinal Financial Corporation latest news:


  • 11/21/2017 06:42:04

    UPDATE: Medtronic shares jump 3% premarket after second-quarter profit and sales beats

    Medtronic plc said Tuesday it had net income of $2.01 billion, or $1.48 a share, in its fiscal second quarter through Oct. 28, up from $1.12 billion, or 80 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.07, ahead of the FactSet consensus of 98 cents. Sales fell to $7.05 billion from $7.35 billion, but were also ahead of the FactSet consensus of $6.98 billion. The revenue decline was driven by the company's sale of its Patient care, Deep Vein Thrombosis and Nutritional Insufficiency businesses to Cardinal Health that took place at the beginning of the quarter. Hurricane Maria shaved another $55 million to $65 million off revenue. "Our second quarter financial results are very encouraging, when considered in the context of a quarter in which we faced three hurricanes and the California wildfires," chief Executive Omar Ishrak said in a statement. The company reiterated guidance that is based on a comparable, constant currency basis. Shares jumped 3% premarket, and have gained 11% in 2017, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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