Cardinal Quarterly Net Income Rises 17%

Cardinal Health Inc., the No. 2 U.S. drug wholesaler, said fiscal fourth-quarter profit rose 17% as the company increased sales of drugs and medical supplies.

Net income rose to $296.3 million, or 64 cents a share, the company said. Sales rose 15% to $11.8 billion.

Shares of Dublin, Ohio-based Cardinal rose $3.68 to $55.71 on the NYSE.