Thursday, April 27, 2017

AstraZeneca Q1 Profit, Revenues Down; Backs Weak Outlook For FY17; Stock Dips

Shares of AstraZeneca Plc were declining in the morning trading in London after the British drug giant reported Thursday weak profit and revenues in its first quarter, as product sales were hurt mainly by the residual impact of the US Crestor patent expiry. Core profit, however, increased with improved cost control. Further, the company confirmed its financial guidance for 2017.

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