Amgen Posts 51% Rise in Profit, Boosts Outlook

April 21, 2015 11:58 PM

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Amgen Inc. (AMGN) said its first-quarter earnings rose 51% on broad sales growth and lower operating expenses as the pharmaceutical company benefited from previous streamlining activities.

Based on the better-than-expected results the Thousand Oaks, Calif., company raised its 2015 earnings guidance.

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