May 01, 2012 at 18:37 PM EDT
Biogen Earnings Miss Estimates, But Outlook In-Line
Biogen Idec missed Wall Street's first-quarter estimates Tuesday, but blamed one-time events and guided the rest of the year within analysts' expected range. Biogen (BIIB) said sales rose 7% over the year-ago quarter to $1.3 billion, a hair under what analysts expected. But profit of $1.40 a share was down from last year and 8 cents below estimates. Biogen guided 2012 financials in-line with estimates, which call for 6.4% sales growth to $5.37
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