UPDATE: Cardinal Health Reports 9% Drop In Q4 Profit

Cardinal Health Inc CAH reported a 9% decline in its fourth-quarter profit. Cardinal Health's quarterly profit dropped to $202.7 million, or $0.57 per share, from $223.5 million, or $0.62 per share, in the year-earlier period. Its adjusted earnings came in at $0.59 per share. Its revenue surged 9% to $26.8 billion. However, analysts were expecting earnings of $0.58 per share on revenue of $26.2 billion. Cardinal Health projects 2012 adjusted earnings of $3.04 to $3.19 per share. Cardinal Health shares gained 0.12% to close at $42.19 yesterday.