Slow Growth for CareFusion

HDM Breaking News, November 6, 2009

CareFusion Corp., recently spun off from Cardinal Health Inc., has reported financial results for its first quarter of fiscal 2010, which ended Sept. 30.

Reported results are from continuing operations for the quarter compared with the same time period a year ago. The San Diego-based company had first quarter revenue of $923 million, up 1%. Revenue for the international firm increased 4% on a “constant currency” basis. Operating earnings increased 30% to $117 million.

The company raised its earnings per share guidance for fiscal 2010 from a range of $1.10 to $1.20 to $1.35 to $1.45. Its stock price increased 6% on Nov. 5 after release of financial results.

CareFusion's products include the Alaris IV pumps; Pyxis automated dispensing systems and hand-held bar code technology for positive patient identification; MedMined electronic infection surveillance system, AVEA respiratory care products; and ChloraPrep skin preparation products.

More information is available at carefusion.com.

--Joseph Goedert

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