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TheStreet

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AstraZeneca

(AZN) - Get Report

, the Anglo-Swedish drugs company, said fourth-quarter earnings fell 5% as revenue in the U.S. dropped 12%.

AstraZeneca earned $1.63 billion in the quarter on total revenue of $8.6 billion vs. $8.95 billion a year earlier.

Revenue in the U.S. felll on generic competition and the absence of H1N1 vaccine sales from a year earlier, AstraZeneca said in a statement Thursday. Revenue from the rest of the world rose 5%.

AstraZeneca said sales of Crestor, its anti-cholesterol drug, rose 26% to $1.59 billion in the fourth quarter. U.S. sales of Crestor jumped 36%.

The drugmaker plans to repurchase $4 billion shares in 2011, up from $2.1 billion in 2010.

-- Written by Joseph Woelfel

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