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Net earnings increase 15% in first quarter for Allergan
Allergan reported net earnings of $296.2 million for the first quarter, up 15% from $257.6 million in the same quarter last year, according to a company news release.Revenue totaled $1.46 billion, up from $1.35 billion in the same quarter last year. Diluted earnings per share increased to $0.89 from $0.74.Medical device net sales increased 10.2% compared with a year ago, while total specialty pharmaceuticals net sales increased 8.1%.For the year, Allergan expects total product net sales between $5.98 billion and $6.2 billion and diluted earnings per share between $4.70 and (Read more...)