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Cardinal Health Reports Quarterly Net Profit Rise

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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