Amgen 4Q profit leaps 30 percent on higher sales

Published January 29, 2014 12:26am ET



Amgen Inc.’s fourth-quarter profit jumped 30 percent mainly due to a tax benefit from prior-year audits, an acquisition and higher sales for nearly all its drugs — much of it from price hikes.

The world’s biggest maker of biologic drugs said Tuesday that net income was $1.02 billion, or $1.33 per share, up from $788 million or $1.01 per share, a year earlier.

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