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Cardinal Health reports $24B in revenue for fiscal Q1

Cardinal Health reported revenue of $24 billion for its fiscal first quarter, an increase of 11% from the year-ago period, but the company's profit declined on higher charges and expenses. The drug and medical products wholesaler-distributor still has plans to spin off its Clinical and Medical Products businesses next year. Modern Distribution Management (10/29), Reuters (10/29), RTT News (10/29)