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A drab quarter for Cardinal Health's medical device business

Tue, 10/30/2012 - 1:18pm
Mass Device

Cardinal Health's medical device arm didn't fare so well during the company's 1st quarter, with profits down on a modest increase in sales.

Cardinal Health logo

Cardinal Health (NYSE:CAH) reported disappointing numbers for its medical device business during the company's 1st quarter, citing volume softness that led to a 6% dip in profit.

Medical device revenues amounted to just under $2.4 billion during the 3 months ended Sept. 30, 2012, representing a 1% increase year-over-year.

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