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Allergan Profit Tumbles on Lower Botox Sales
Shriveling demand of Botox injections sent Allergan's(AGN Quote) first-quarter profit tumbling 59%.
During the quarter, the company earned $44.7 million, or 15 cents a share, compared with $107.7 million, or 35 cents a share, in the year-ago period.
Results include restructuring charges of 40 cents that will reduce the company's workforce by 5%. Excluding the charges, the company beat analyst estimates of 53 cents a share. ...
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