July 19, 2024
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Amgen tax hit lowers net income 74 percent for 2017


After a $6 billion tax hit, net income at Amgen fell 74 percent in 2017, coming off a fourth quarter in which revenues decreased 3 percent to $5.8 billion and net losses reached $4.26 billion. The Thousand Oaks-based biotech giant also announced that its board of directors increased its share repurchase program by $10 billion,…


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