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Cardinal Health reports second-quarter results

Published in Physician Business Week, February 27th, 2007

Cardinal Health, provider of products and services supporting the health-care industry, announced strong second-quarter results, highlighted by double-digit revenue and earnings growth, solid contributions from all four continuing business segments and a 17% increase in earnings per share.

For the second quarter ended Dec. 31, consolidated revenue increased 13% to $21.8 billion and earnings from continuing operations rose 10% to $316 million, or $0.77 per share. On a non-GAAP basis, earnings from continuing operations increased 15% to $341 million1, or 20% to $0.832 on a diluted per-share basis.

The company also announced an agreement to acquire...

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