CareFusion Q4 Profit Rises - Quick Facts

(RTTNews) - CareFusion Corp. (CFN), Thursday reported fourth-quarter net income of $109 million, or $0.49 per share, compared to $96 million or $0.43 per share in the comparable quarter last year.

Adjusted earnings from continuing operations for the quarter were $0.55 per share compared to $0.50 per share last year.

Revenues for the fourth quarter decreased 2 percent to $903 million from $961 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.56 per share on revenue of $918.25 million for the quarter. Analysts' estimates typically exclude one-time gains.

Looking forward to the full year 2014, the company expects adjusted earnings from continuing operations to be in the range of $2.30 to $2.40 per share. CareFusion expects revenue to grow 1 to 4 percent on a constant currency basis compared to fiscal 2013 revenue of $3.55 billion.

Analysts currently estimate earnings of $2.36 per share on revenue of $3.67 billion for 2014.

The company also announced that its board of directors has approved a two-year, $750 million share repurchase program, after completing the previous $500 million authorization in June. During fiscal 2013 under the previous authorization, the company repurchased about 11.4 million shares for $400 million.