RPT-UPDATE 2-Cardinal posts net loss due to costs of spinoff

* Net loss 11 cents/shr; spinoff costs 71 cents/shr

* Earnings from continuing operations up 15 pct

* Sees FY10 adjusted EPS at high end of $1.90-$2.00 range (Adds details, outlook, stock price)

CHICAGO, Nov 5 (Reuters) - Cardinal Health Inc (CAH.N) reported a quarterly net loss on Thursday due to one-time restructuring, impairment and other costs associated with its spinoff of CareFusion Corp (CFN.N).

Cardinal, a hospital products maker, also said it expects full-year adjusted earnings to be at the high end of its previous forecast.

The company posted a net loss of $38.2 million, or 11 cents per share, for its fiscal first quarter, compared with a profit of $249.1 million, or 69 cents per share, a year earlier.

The dilutive impact from the spinoff of CareFusion, a medical device company, was 71 cents per share.

Earnings from continuing operations rose 15 percent to 54 cents per share.

Revenue rose 6 percent to $24.78 billion.

The Medical segment generated 17 percent profit growth in the quarter.

A smaller-than-expected profit decline of 2 percent in its pharmaceutical segment, and expense management across the company, helped results in the quarter.

Cardinal said it expects modest pharmaceutical segment revenue growth in fiscal 2010 and a year-over-year decline in generic launches. It forecast solid medical segment revenue growth.

It said it expects full-year adjusted earnings to be at the high end of its previous forecast of $1.90 to $2.00 per share. It forecast low-single-digit revenue growth.

Analysts on average were expecting full-year earnings of $1.95 per share, according to Thomson Reuters I/B/E/S.

Cardinal shares closed on Wednesday at $29.13 on the New York Stock Exchange. (Reporting by Debra Sherman; editing by John Wallace)