Allergan 2Q profit climbs 16 percent

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IRVINE, Calif. (AP) — Allergan Inc. (AGN) on Monday reported profit that climbed by 16 percent in its second quarter, and topped analysts’ expectations.

The Irvine, California-based company said earnings increased to $417.2 million, or $1.37 per share, from $359.9 million, or $1.19 per share, in the same quarter a year ago.

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