Forest Labs 3rd-qtr earnings leap 53%, with sales boosted by Namenda
US drugmaker Forest Laboratories (NYSE: FRX) says that its third-quarter fiscal 2011 net income leapt 53% to $320.7 million, or up 46% to $1.11 a share compared with the year-earlier period, after taking a charge for a new product licensing fee of $66.1 million or $0.23 per share, net of tax. Net sales for the quarter increased 6.7% to $1.06 billion.
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