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Cardinal Health quarterly revenue rises about 5 percent
February 7, 2017 / 12:16 PM / 8 months ago

Cardinal Health quarterly revenue rises about 5 percent

Feb 7 (Reuters) - Drug distributor Cardinal Health Inc reported a 5 percent rise in quarterly revenue, helped by strength in its pharmaceutical business, which more than offset generic pricing pressure.

Net income attributable to the company fell to $324 million, or $1.02 per share, for the second quarter ended Dec. 31, from $326 million, or 98 cents per share, a year earlier.

Revenue rose to $33.15 billion from $31.45 billion.

Reporting by Dipika Jain in Bengaluru; Editing by Shounak Dasgupta

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