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CARDINAL HEALTH 2Q PROFITS MOVE HIGHER
Cardinal Health Inc., a drug and medical supplies distributor, said Thursday that second-quarter profits rose 42 percent, partly reflecting a year-ago period weighed down by restructuring and other charges. Net income grew to $304 million, or 70 cents per share, from $214 million, or 49 cents per share, a year ago. Results for the latest quarter included a charge of 4 cents per share to settle a Securities and Exchange Commission probe, a one-time charge of 1 cent per share, and equity compensation costs of 8 cents per share. Restructuring and impairment charges reduced year-ago results by 26 cents per share.
StarTribune.com (http://www.startribune.com/535/story/206510.html)
KEYWORDS FDAnews Drug Daily Bulletin
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