Amgen's profit jumps 7% in 2nd quarter as sales rise, costs decline

July 30, 2015 9:50 PM

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Thousand Oaks biotech firm Amgen Inc. said its profit jumped 7% in the second quarter as sales of several key drugs increased.

The results, released after markets closed Thursday, were better than analysts had expected. The company also increased its estimated revenue and profit for the year.

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