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Cardinal Health Inc (NYSE:CAH) and AmerisourceBergen Corp. (NYSE:ABC) are both deep in the red after peer McKesson Corporation (NYSE:MCK) reported lower-than-expected earnings and soft guidance. For its second quarter, McKesson earned $2.94 per share on revenue of $49.96 billion, missing the Street’s estimate by $0.11 per share and $1.25 billion. McKesson’s management also cut adjusted EPS guidance to $12.35-$12.85 from the previous $13.43-$13.93 for fiscal 2017. Due to those soft numbers at McKesson, traders are afraid that Cardinal and AmerisourceBergen will also report weaker-than-expected results for their earnings reports as well. According to our data, 42 funds were long AmerisourceBergen Corp. (NYSE:ABC) at the end of June, up by five from the end of March. Meanwhile, 34 funds tracked by Insider Monkey were long Cardinal Health Inc (NYSE:CAH) at the end of the second quarter, down by two funds from the a quarter earlier.

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