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Earnings Roundup

Allergan

Botox maker's profit rises 8.2%

October 30, 2009|Times Wire Reports

Allergan Inc., maker of the wrinkle smoother Botox, said third-quarter profit rose 8.2% on higher sales of eye and skin-care treatments.

Net income increased to $179 million, or 58 cents a share, from $165.4 million, or 54 cents, a year earlier, the Irvine company said. Profit excluding one-time items was 70 cents a share, beating by 1 cent the average estimate of analysts surveyed by Bloomberg.

Revenue rose for many drugs including Botox, countering a decline seen earlier this year as consumers cut discretionary spending in the recession.

Allergan shares rose $1.37, or 2.6%, to $54.92.

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