Forest Labs profit plunges as Lexapro loses patent
US drugmaker Forest Laboratories (NYSE: FRX) that reported earnings per share equaled $0.72 in the fourth quarter of fiscal 2012, down a sharp 36% from $1.12 in the like, year-earlier quarter. Excluding acquisition related amortization, non-GAAP EPS in the fourth fiscal quarter of 2012 equaled $0.78 as compared with $1.14 in the fourth quarter of fiscal 2011.
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