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Cardinal Health (NYSE: CAH), Dublin, OH, reported sales for the third quarter of $21.4 billion, a decrease of 13 percent. Profit increased 7 percent to $508 million.
For the first nine months of the fiscal year, sales were $68.2 million a 9 percent decrease from the previous year. The company reported a profit of $1.5 million, an increase of 4 percent from the same period in 2013.
"Our organization delivered a solid third quarter to our fiscal 2014, completing a first nine months of strong financial performance.” said
Revenue for the pharmaceutical segment increased 7 percent to $2.7 billion and profit decreased 9 percent to $452 million. Revenue for the medical segment was up 13 percent to $2.8 billion and profit increased 11 percent to $111 million.