CareFusion shares jump on earnings, forecast
8/10/12 11:01 AM ET (MarketWatch)
LOS ANGELES (MarketWatch) -- Shares of CareFusion Corp. jumped nearly 8% in early trading Friday after the company beat forecasts on fourth-quarter earnings and offered a full-year forecast that was ahead of estimates. CareFusion said adjusted earnings for the quarter were 51 cents a share, while analysts polled by FactSet had expected income of 50 cents a share. CareFusion said in its earnings release issued after the close Thursday that it expects fiscal 2013 earnings of $2.11 to $2.21 a share, excluding acquisition-related costs. The FactSet estimate had been for $1.98 and was raised to $2.05 after earnings were reported. Shares of CareFusion were up more than 7% to $26.32 in recent action.