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Allergan Reports Saggy Profit, Jobs Cuts

Stock quotes in this article: AGN , ACL , ELN , JNJ , MRX  

Updated from 4:39 p.m. EST

Drugmaker Allergan(AGN Quote) said Wednesday its profit dropped in the fourth quarter and that it would cut 460 jobs.

The Irvine, Calif., Botox maker said fourth-quarter profit fell to $150.6 million, or 50 cents per share, from $160.3 million, or 52 cents per share, in the fourth quarter of 2008.

Revenue fell 3% to $1.06 billion from $1.09 billion. ...

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