Amgen 2nd-qtr 2011 profits down but still top analysts estimates
The world’s largest biotechnology company, USA-based Amgen (Nasdaq: AMGN) has reported second-quarter 2011 profit that topped analysts’ estimates on higher drug sales and said 2011 earnings would reach the upper end of its previous forecast. The stock gained 1.5% to $54.25 on Friday following release of the results.
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