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Cardinal Health Shares Drop on Mixed Q3 Results; Price Target Trimmed to $225
Developing
Business·4/30/2026AI summary

Cardinal Health Shares Drop on Mixed Q3 Results; Price Target Trimmed to $225

Cardinal Health reported mixed Q3 results with revenue of $60.94 billion (up 11% YoY, missing $61.7B expectations) while adjusted EPS of $3.17 beat the $2.79 consensus. The stock dropped over 6% Thursday, trading near its 200-day moving average with RSI in oversold territory. Management raised full-year EPS guidance to $10.70-$10.80, but only 13 cents of the 50-cent increase reflects operational improvement. Price target was lowered from $260 to $225.

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CNBC
Dover Posts Strong Q1 With 10% Revenue Growth, 24% Order Surge
NEWS
4/23/2026AI summary

Dover Posts Strong Q1 With 10% Revenue Growth, 24% Order Surge

Dover Corporation reported strong Q1 2026 results with revenue up 10% to $2.05 billion and adjusted EPS of $2.28, beating consensus. Orders surged 24% year over year to $2.5 billion with a robust 1.2 book-to-bill ratio. CEO Richard Tobin attributed strong orders to demand outpacing supply rather than pre-buying ahead of Middle East disruptions. The company raised full-year organic growth expectations to double-digit for its Climate & Sustainability segment, driven by data center cooling and CO2 refrigeration demand. Dover expects $1 billion in AI-related revenue in 2026, representing over 11.5% of total revenue. The stock jumped 5.5% to $229, with price target raised to $245.

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CNBC