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Cardinal Health Reports Quarterly Net Profit Rise

Reuters
Thursday, 9 Aug 2007 | 7:37 AM ET

Cardinal Health on Thursday said its quarterly net profit rose, led by strong demand for medical pumps and other devices in its Clinical Technologies and Services business.

The Dublin, Ohio-based drug wholesaler and maker of hospital products reported a net profit of $902.2 million, or $2.33 per share, for its fourth quarter, compared with $321.1 million, or 76 per share, a year ago.

The share count was down about 8% from the year-ago quarter.

Earnings from continuing operations were 61 cents per diluted share.

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