CareFusion Q3 Profit Rises - Quick Facts

(RTTNews) - CareFusion Corp. (CFN), a global medical technology company, reported third-quarter net income of $102 million, or $0.48 per share, compared to $84 million or $0.37 per share, last year.

Adjusted income from continuing operations was $127 million or $0.60 per share, compared to $134 million or $0.59 per share last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $968 million, from $901 million, a year ago. Analysts expected revenue of $986.67 million, for the quarter.

For fiscal 2014, CareFusion now expects adjusted earnings per share from continuing operations to be at the low end of the company's previously stated guidance range of $2.30 to $2.40 and expects revenue to grow 5 to 7 percent, an increase from the prior 4 to 7 percent range. Analysts expect the company to report fiscal 2014 earnings per share of $2.34.